Wednesday, May 2, 2007

Wolfowitz Update



Paul Wolfowitz Resigns World Bank, To Manage Las Vegas Casino

World Bank exerts further pressure on Wolfowitz

Riza's statement

Wolfowitz Says World Bank Must Follow Due Process
Speaking at a press conference after a European Union meeting on education in the developing world, Mr. Wolfowitz insisted that the institution's work "goes on" despite the controversy over a big salary hike for his girlfriend Shaha Raza


Wolfowitz issue highlights bank selection process;
Ted Truman, a former Treasury official during the Clinton administration and now a senior fellow at the Peterson Institute for International Economics, said he also thinks the flap over Wolfowitz demands swift change.

"I would hope it leads to a change in that old convention right away so it will become more open and so that the American government then can say that is important also that the same holds for the (International Monetary) Fund," Truman said


World Bank Group Staff Association's letter calling on Wolfowitz to resign

World Bank Directors' Statement



*Cartoon are from The Economist and Radio Left

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