who will be next World Bank President What will they do


Elementary my dear Watson. The FT reports that Canada has sided with the Europeans in refusing the US request for more time in dealing with the crisis. This leaves only Japan that continues to blindly toe the US line - supporting US calls to separate discussion of ethics violations by Wolfowitz from the broader question of whether he should remain in his post.

The FT says there are divisions among the 27-strong bloc of countries 'calling for a quick resolution to the crisis' about whether at this point to threaten to withhold funds if Wolfowitz holds on. Heidemarie Wieczorek-Zeul, German development minister said the Bank would find it hard to raise finance for its soft lending programmes with Wolfowitz at the helm. But her Dutch counterpart Bert Koenders said it was too early to discuss such measures.

Jeff Powell ~ May 15, 2007

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