He'll Huff, and He'll Puff and... Blow the Bank Down? / IPS Inter Press Service

Homepage

Latest News

Languages

About Us

Sunday, November 08, 2009 00:15 GMT

- Mideast &
Mediterranean

Iraq

HIV/AIDS

- Arts &
Entertainment

POLITICS-US: Wolfowitz - Return to Sender?
Analysis by Bill Berkowitz*
OAKLAND - Recently forced out as president of the World Bank, Paul Wolfowitz, one of the primary architects of U.S. President George W. Bush's Iraq war, is heading back to familiar surroundings. And the Washington-based American Enterprise Institute (AEI), one of the United States' premier conservative think tanks, is more than pleased to welcome him back.
MORE >>

POLITICS: Washington Passes World Bank Torch
By Emad Mekay
WASHINGTON - The World Bank's board of directors confirmed Robert Zoellick Monday as the lender's next president, under a World War II-era tacit agreement that gives Washington the privilege of filling the institution's top job.
MORE >>

POLITICS: Bush Picks Market Fundamentalist to Lead Bank
By Emad Mekay
WASHINGTON - U.S. President George W. Bush has nominated Robert Zoellick, a Wall Street executive, former administration official and a free market fundamentalist to succeed disgraced World Bank President Paul Wolfowitz, who steps down Jun. 30.
MORE >>

POLITICS: Departing Wolfowitz Names New Iraq Director
By Emad Mekay
WASHINGTON - The World Bank has just appointed a new country head for Iraq despite security and corruption concerns, according to a leaked document.
MORE >>

POLITICS: World Bank Should Go With Wolfowitz - Activists
Analysis by Anil Netto
PENANG, Malaysia - Paul Wolfowitz's fall from grace is symptomatic of the double standards and hypocrisy of the World Bank and strains the marriage between neo-liberal policies and militarism that he embodied, say activists and analysts.
MORE >>

POLITICS: Wolfowitz Fueled Tensions That Led to His Demise
Analysis by Emad Mekay
WASHINGTON - Disgraced World Bank President Paul Wolfowitz, who announced his resignation Thursday, may insist that his staff and the Bank's directors ganged up on him because of his role in the Iraq war, but analysts and a Bank source say the ouster was mostly self-inflicted.
MORE >>

POLITICS: Wolfowitz Is at the Door
By Emad Mekay
WASHINGTON - World Bank President Paul Wolfowitz, who has been warding off accusations of favouritism and nepotism at the Washington-based institution, will resign effective Jun. 30, the first president ever to be forced out.
MORE >>

POLITICS: Wolfowitz Scandal Spotlights U.S. Reign at Bank
By Emad Mekay
WASHINGTON - Recent White House backing for the beleaguered World Bank President Paul Wolfowitz, despite the findings of an internal report that said he had violated the Bank's ethics rules, is bringing the role of the United States in running the Bank in "undemocratic" ways under scrutiny, with rising calls for Washington to loosen its grip on the institution.
MORE >>

POLITICS: Kellems, First Head to Roll in Wolfowitz Scandal
By Emad Mekay
WASHINGTON - Kevin Kellems, the right-hand man of embattled World Bank President Paul Wolfowitz, has resigned from the Bank in what analysts say is likely an effort to save his boss.
MORE >>

POPULATION: NGOs Warn of World Bank "Fundamentalists"
By Thalif Deen
UNITED NATIONS - When the United States tried to water down a longstanding policy on reproductive health and family planning at the World Bank last month, there was a storm of protests from population experts and activist groups worldwide.
MORE >>

POLITICS: Charges of Dishonesty Fly at World Bank
By Emad Mekay
WASHINGTON - The controversy over allegations of misconduct by World Bank President Paul Wolfowitz is turning ever more sour, with Wolfowitz and former top managers, who together oversaw billons of dollars in loans to thousands of projects in developing nations, trading barbs and accusations of dishonesty.
MORE >>

POLITICS: Combative Wolfowitz Slams "Circus-like" Process
By Emad Mekay
WASHINGTON - Embattled World Bank President Paul Wolfowitz, who is fighting for his job, warned Monday against a forced exit and called the Bank directors' description of his actions in a scandal besetting him and his girlfriend and co-worker "unjust and" and "hypocritical".
MORE >>

FINANCE: World Bank's Corruption Fighters Complain of Collapsing Image
By Emad Mekay
WASHINGTON - Dozens of World Bank employees in a department entrusted with charting anti-corruption policies weighed in Thursday on the nepotism scandal surrounding Bank president Paul Wolfowitz, saying that their credibility was wearing away because of the escalating controversy.
MORE >>

Next >>

	News Feeds RSS/XML
	Make IPS News your homepage!
	Free Email Newsletters
	IPS Mobile
	Text Only

Paul Wolfowitz stepped down from the World Bank presidency on Jun. 30, 2007 after serving less than half of his five-year term. But the nepotism scandal that toppled the former U.S. deputy defence secretary failed to inspire systemic reforms at the Bank, as many critics and even Bank insiders had urged. Instead, Washington quickly named another U.S. national, Robert Zoellick, as the institution's new leader. Click here for more in-depth coverage of the World Bank and other IFIs.

Paul D. Wolfowitz (b. Dec. 22, 1943)

March 2003 - U.S. Dep. Secretary of Defence, "architect" of Iraq war
March 2005 - Confirmed as World Bank president
April 2006 - Launches World Bank anti-corruption drive
April 2007 - "I made a mistake, for which I'm sorry."