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March 13, 2007 Statement of Eli Whitney Debevoise, II Mr. Chairman and Members of the Committee, I am grateful for the opportunity to appear before you today. I am honored to have been nominated to serve as U.S. Executive Director at the International Bank for Reconstruction and Development. If confirmed, I will have the great privilege and the responsibility to represent the The World Bank Group is a global leader in economic development and poverty reduction, both through its loans, credits, grants, guarantees and investment insurance and through its development know-how and policy advice. If confirmed, I intend to strive to hold the Bank to high standards and to help the Bank develop a strong institutional framework and ethos to make those high standards sustainable. In my professional life I have grappled with the challenges of economic development, whether through the lens of sovereign finance, international trade, cross-border lending and investment, debt-reduction operations, infrastructure finance, housing finance, development of domestic capital markets or investor-state disputes. I have also worked to combat corruption. For my successful, global efforts to recover the ill-gotten gains of corruption, I was awarded a Brazilian medal, the Order of Rio Branco. Finally, I have experience with the International Centre for the Settlement of Investment Disputes, an important forum for the resolution of investor-state disputes. If confirmed, I will apply the lessons learned from these experiences at the World Bank institutions. At a time when Thank you, Mr. Chairman. I would be pleased to answer the Committee's questions.
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