who will be next World Bank President What will they do


Another FMR World Bank Vice President joins global calls for Wolfowitz' resignation In a letter published today in the International Herald Tribune , Robert Picciotto, Former Vice President, Corporate Planning and Budgeting at the World Bank, joins Former Senior Vice President; Jean-Louis Sarbib earlier call yesterday for Wolfowitz's resignation

The Letter reads:

Out with Wolfowitz

Regarding the editorial "The time has come for Wolfowitz to go" (April 16): Paul Wolfowitz has exercised poor judgment in his stewardship of the World Bank.

His managerial record has been erratic and secretive. By feathering the nests of his cronies and his girlfriend, he has abused the trust of the bank's member countries that endorsed his appointment.

He can no longer command the respect or the moral authority needed to lead an institution dedicated to good governance and poverty reduction.

The articles of agreement of the World Bank give the president wide autonomy over personnel matters and operational policies. But with authority comes responsibility and the board of executive directors are the guardians of the institution's integrity and reputation.

They should act promptly to restore the bank's image. Better late than never. Paul Wolfowitz must go.

A Washington source ~ April 18, 2007

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