who will be next World Bank President What will they do


Former governors of the bank join the calls for resignation. In an open letter to the Financial Times, Five former ministers of finance and former governors of the world bank from Latin America say Wolfowitz should resign.

In their letter, the former ministers join former and current staff of the bank and say:

"What is at stake is no longer the question of favouritism or of management style. The issue now is the governance of an international organisation and the ability to carry out its mission. Mr Wolfowitz has compromised the trust in the integrity of his leadership and the credibility of the bank’s promotion of transparency and accountability in public affairs. In the interest of multilateral co-operation for the alleviation of poverty, Mr Wolfowitz should resign."

The letter is signed by:

Domingo Cavallo, Former Minister of Finance, Argentina

Rubens Ricupero, Former Minister of Finance, Brazil

Eduardo Aninat, Former Minister of Finance, Chile

Rodrigo Botero, Former Minister of Finance, Colombia

Pedro Aspe, Former Minister of Finance, Mexico

A Washington source ~ May 03, 2007


In the mean time "A planned meeting between Wolfowitz and the group of Nordic and Baltic countries has been postponed." according to http://www.aftenposten.no/english/business/article1768874.ece.
["We are very, very critical to what's been going on," Solheim told newspaper Aftenposten. Norwegian authorities seem keen on getting a new leader for the World Bank, to renew confidence in it.]

yul ~ May 03, 2007, 04:25 PM

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