Friday, 18 May 2007

Wolfowitz resignation demonstrates World Bank corruption

What does the resignation of Paul Wolfowitz from the World Bank tell us about the moral compass of that particular organisation?

From AAP:
Controversial though he was as successor to James Wolfensohn, especially among European countries that had opposed the Iraq war, the Bush administration engineered his move from the Pentagon to the World Bank presidency without dissent.

Once there, he quickly reached out to poor African nations, where he encountered little criticism over Iraq, and pushed a deal to cancel the debts of highly indebted poor countries.

Soon after, he moved with characteristic zeal to launch a controversial anti-corruption campaign at the bank where he again clashed with European governments, who worried the effort could punish the poor by slowing the flow of aid.

Wolfowitz, however, prevailed and offered no apologies for the bruising campaign, which drew criticism both within and outside the bank.

But just weeks after securing a deal on anti-corruption, the former Pentagon deputy ran into a storm last month over charges of preferential treatment in his handling of a promotion and pay rise for his companion and bank employee Shaha Riza.
It's been clearly demonstrated that Wolfowitz stepped back from the process involving his girlfriend, though he surely would have lobbied on her behalf, and the Board's setting of the bar at the high level it now has is somewhat problematic for them, as the WSJ points out:
In the winter of 2006 an email was sent to the investigations hotline of the World Bank's Department of Institutional Integrity, or INT. Its subject was the "Hypocrisy of ED Tom Scholar."

"Please know," read the text of the email written by a bank employee, "that UK ED Tom Scholar is continuing an affair with [a bank employee]. This woman has been given preferential treatment in [the department] because of her relationship with this powerful ED, this affair is well known, and is in violation of the Bank Staff Rules and the Boards Standards of Conduct."The double standard is palpable. For me, though, the really troubling issue is the World Bank's lack of will to attack corruption both within its own walls and in those countries to which it provides significant help.
I'm preparing a post on the amount of aid the West has given to Third World countries in the last 50 years - a staggering $2.3 trillion - and how small the positive impact has been.

The World Bank is used for buying the political favours - votes at the UN and various world bodies - of Third World nations by the Europeans. Wolfowitz rained on their parade and now the Europeans have managed to unseat a man demonstrably dedicated to weeding out corruption and achieving real results in Africa.

Let's hope that George W Bush sends a signal to the World Bank that he is serious about dealing with the issues at the World Bank and appoints someone that will build on Wolfowitz's good work.

5 comments:

Anonymous said...

You mean someone like Paul Volker? John Bolton?

One can only hope.

miriam said...

Wolfowitz was a good man and absolutely guiltless. He does not deserve what he has gone through.

chenlina said...

chenlina20160521
gucci handbags
oakley vault
coach outlet store online
burberry scarf
jordan retro 3
cheap jordan shoes
michael kors handbags
michael kors
burberry outlet
kobe 9
christian louboutin sale
michael kors outlet
coach outlet
air jordans
rolex watches
giuseppe zanotti
kevin durant shoes 7
nike uk
nike free runs
north face outlet
michael kors outlet online
toms wedges
ray ban sunglasses
air jordans
toms outlet
michael kors handbags
hollister
coach factory outlet
jordan 13
polo ralph lauren outlet
burberry bags
oakley sunglasses outlet
air jordans
coach factory outlet
louis vuitton handbags
caoch outlet
michael kors uk
louis vuitton outlet
ray ban sunglasses
gucci outlet
as

Zhenhong Bao said...

mulberry handbags sale
reebok outlet store
cheap nfl jerseys
coach outlet
michael kors wallet sale
coach outlet canada
rolex watches
christian louboutin uk
cheap nfl jersey
coach outlet store
tory burch outlet online
swarovski jewelry
beats by dre
louis vuitton outlet online
ralph lauren outlet
michael kors clearance
michael kors sale
cheap oakley sunglasses
fitflops sale
soccer jerseys
michael kors outlet online
hermes outlet store
cartier outlet store
oakley sunglasses wholesale
michael kors handbags
michael kors outlet
oakley sunglasses
ray ban sunglasses
cartier outlet
cartier sunglasses
ferragamo shoes
louis vuitton handbags
cheap oakley sunglasses
tiffany outlet
oakley sunglasses uk
20160531zhenhong

chenzhen said...

timberland uk
air max
michael kors outlet online
adidas trainers
nike tn pas cher
adidas shoes
omega
coach factory outlet
michael kors outlet
adidas nmd runner
north face outlet
nike blazer
birkenstock uk
stan smith adidas
armani exchange
timberland shoes
converse outlet
jimmy choo outlet store
levis 511
coach factory outlet online
hermes belt
black timberland boots
sac longchamp pliage
nike air force black
louis vuitton outlet online
adidas superstar white
ray ban sunglasses outlet
hermes outlet
coach outlet online
micahel kors
cheap jordan shoes
yeezy boost 350 white
skechers outlet
tiffany jewelry outlet
oakley sunglasses uk
coach factory outlet online
vans store
cheap nike air max
gucci borse
oakley vault sunglasses
chenzhen2016628