Petition to reform WB & IMF leadership selection

In the wake of Paul Wolfowitz’s troubles, New Rules for Global Finance is collecting signatures for a petition supporting reform of the selection of World Bank and IMF directors. It concludes:

We therefore call for timely adoption of reform of the selection procedures at both institutions. We recommend as an initial constructive step that European governments and the U.S. administration publicly state that the 1940s convention should be jettisoned and commit themselves now to reformed selection procedures whenever new leadership choices have to be made for either the World Bank or the IMF.

More info here. Signatures due by Monday afternoon.