US position shifting, but concessions demanded. The Bank's board is meeting in one hour's time to discuss the Wolfowitz saga. We hear that the US government is softening its support for their man in the Bank. But in exchange are asking the Europeans to agree to let the US appoint a successor. This is a trade that should not be needed: the system of unilateral appointment to run a multilateral organisation has proved a spectacular failure and should be got rid of with Wolfowitz.

Alex Wilks ~ April 19, 2007

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