Attali pledges to learn from criticism of spending
While there are indications that John Major, the Prime Minister, and several other senior ministers from leading industrial countries will urge more cost-conscious behaviour next week at the bank's annual meeting, Mr Attali denied any plans to resign.
He confirmed that the powers of the board of directors would be strengthened, as urged by Theo Waigel, the German Finance Minister, earlier this week.
The EBRD president also denied he had called for the removal of the Canadian executive director, Donald McCutchan, who has long criticised the bank's spending record. 'No one asked for that, I learned with regret that he was leaving.' The EBRD president also called the board, with whom he has often been at odds, 'amazingly useful' and said he had the directors' full confidence in his performance.
Though Mr Attali declined to apologise for the Bank's extensive spending, he did say that it should not have replaced the marble in the entrance hall at a cost of pounds 750,000.
He promised that Pierre Pissaloux, his chef de cabinet, would no longer take responsibility for budgets and corporate planning - a particular concern of the directors. Other reforms include a comprehensive audit of the start-up costs.
Mr Attali also pledged greater loan disbursements to Eastern Europe.
- 1 Jennifer Lawrence scores first UK top 40 single with Hunger Games track 'The Hanging Tree'
- 2 Shia LaBeouf claims he was raped during #IAMSORRY art installation performance
- 3 'You should come to my house and eat cheeses with me': 4-year-old sends adorable love letter to girl at school
- 4 Scientists predict green energy revolution after incredible new graphene discoveries
- 5 Michael Buerk wishes he killed Jimmy Savile when he had the chance - by pushing him overboard a cruise ship
Obama: The only people with the right to object to immigration are Native Americans
Ukip says babies born to immigrants in the UK should be classed as migrants – which would include Nigel Farage’s own children
The young are the new poor: Sharp increase in number of under-25s living in poverty, while over-65s are better off than ever
David Cameron sets out immigration reforms: We should distrust Ukip and their 'snake-oil of simple solutions'
Ukip mocked after mistaking Westminster Cathedral – for a mosque
Tamir Rice: 12-year-old boy playing with fake gun dies after being shot by Ohio police
£30k - 38k per year + Benefits: Opilio Recruitment: An award-winning consume...
£40k - 45k per year + Benefits: Opilio Recruitment: A fantastic opportunity ...
£30k - 35k per year + Benefits: Opilio Recruitment: We’re currently re...
£35k - 45k per year + benefits: Opilio Recruitment: A fantastic opportunity ...