Sunday, May 11, 2008


World Bank Scorpions;
Also on Monday, the bank announced the retirement of Praful Patel, its vice president for the South Asia region. This was ahead of the mandatory retirement age of 62 but for the credibility of the bank not a moment too soon. Mr. Patel is the man who presided over $570 million in corrupted World Bank health-sector projects in India, which we first reported on in January1. President Robert Zoellick would have sent a stronger signal that such performance won't be tolerated had he fired Mr. Patel outright rather than allowing him to slink out the back door. But at the World Bank, the main deeds that are punished are good ones.

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