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Rogoff backs Manuel. In a comment in UK daily The Guardian, former IMF chief economist Kenneth Rogoff calls for Wolfowitz to step down, and gives a nod to South African finance minister Trevor Manuel. Rogoff makes a cogent plea for reform of the leadership selection process at the Bank: "even if Wolfowitz is eventually forced to resign, nothing will be gained if the US president George Bush is allowed summarily to choose his replacement, as US presidents have been doing ever since the Bank was founded after the second world war. Instead, the Bank's head should be chosen in an open and transparent process that aims to select the best-qualified candidate, whether from the US, Europe, or the developing world." Jeff Powell ~ April 19, 2007
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May 2007 |
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