who will be next World Bank President What will they do


Wolfowitz has till Friday to respond The Board has extended the response period from 72 hours to 5 days quotes the Voice of America News.

"On Wednesday the bank's 24-member executive board said Wolfowitz could have two more days to answer allegations that he violated internal code of ethics in arranging a promotion and pay increase for his companion, a bank employee."

With the Europeans putting the pressure for him to resign, this extension may play well in the assumptions advanced by the International Herald Tribune as reported here.

No boat will be rocked, Wolfowitz will resign quietly (forced in a way) without the requirement for a divisive vote amongst the Board members and the US will have the privilege to choose the next President.

This may be in response to an "IOU" for this little fiasco at UNESCO as reported in the Guardian:
The Europeans joined with the Americans last week to thwart the further investigation by Unesco into yet another Bush appointee to go off the straight and narrow road of probity. Following the hasty departure of former Republican congressman Peter Smith, after auditors had found him steering contracts to Navigant, a UN-based consultancy with few apparent qualifications for them, the non-aligned members urged Unesco to "take appropriate disciplinary action," against Smith and to reinstate the whistleblowers he had transferred.

Steve Clemons, writing on The Coffee House blog, features the tough comment from former IMF chief economist Michael Mussa and says that if he were advising Wolfowitz he'd suggest "a late in the day resignation on Friday just to sidestep much of the news cycle and catch the weekend shows off guard".

The Beaver ~ May 10, 2007

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