Scandal threatens World Bank's role

Financial Times

Krishna Guha and Eoin Callan in Washington
April 23 2007

The independent agency charged with assessing the effectiveness of the World Bank has issued a searing indictment of Paul Wolfo-witz's leadership, warning that the situation at the bank risks causing "irreparable harm to worldwide efforts in poverty reduction and sustainable development".

In a formal statement seen by the Financial Times, which the bank's board will consider this week, the Independent Evaluation Group called for "swift changesin management and aconcerted effort to restore credibility".

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See Comments for IEG Statement

What part of 'resign' don't you understand?

Heat on Wolfowitz as World Bank directors meet
Jitendra Joshi April 19 2007

WASHINGTON (AFP) - Embattled president Paul Wolfowitz looked more isolated than ever Thursday as directors met to debate his fate amid the rumblings of a civil war among senior staff...

..."It's not about management style. It's not about interaction with staff," the source said on condition of anonymity.

"There was an exasperation that was conveyed to Wolfowitz: what part of 'resign' don't you understand?"

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