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Scandal ‘threatens role of World Bank’
The Financial Times ^ | 22 April 2007 | Krishna Guha and Eoin Callan

Posted on 04/22/2007 4:35:15 PM PDT by Kitten Festival

The independent agency charged with assessing the effectiveness of the World Bank has issued a searing indictment of Paul Wolfowitz’s leadership, warning that his actions are undermining the bank’s ability to pursue development work.

In a formal statement, which the bank’s board will consider this week, the Independent Evaluation Group said “development effectiveness is being jeopardised by serious governance problems that have recently come to light”.

The IEG statement comes as the board prepares to reach a judgment as to whether Mr Wolfowitz broke bank rules or ethics when he ordered its human resources chief to give his girlfriend Shaha Riza a large pay rise.

Pressure on Mr Wolfowitz to resign intensified today when 42 of the bank’s most senior former executives called on Mr Wolfowitz to step down in an open letter published in the Financial Times. The former executives said “there is only one way for Mr Wolfowitz to further the mission of the bank: he must resign”.

(Excerpt) Read more at ft.com ...


TOPICS: Crime/Corruption; Extended News; Foreign Affairs; Government
KEYWORDS: corruption; scandal; wolfowitz; worldbank
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To: Kitten Festival
They selectively picked out the parts of the papers they liked and ignored the parts of the papers they didn’t like...

This appears to be projection on your part, and descriptive of the reports in the LSM.

What facts left out of the WSJ article would contradict the facts in the article? Specifically...

21 posted on 04/22/2007 7:07:39 PM PDT by gogeo (Democrats want to support the troops without actually being helpful to them.)
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To: Kitten Festival
Take that as a hint as to what kind of guy he must be like to work with...

She's in effect the union leader of the bank, which Wolfowitz was sent to clean up. If she weren't calling for his head, I'd know he wasn't doing his job.

22 posted on 04/22/2007 7:12:50 PM PDT by gogeo (Democrats want to support the troops without actually being helpful to them.)
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To: Fred Nerks

I never wanted to talk to you anyway. You don’t seem very bright.


23 posted on 04/22/2007 7:28:25 PM PDT by Kitten Festival
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To: gogeo

Union leaders don’t like favoritism. When one worker gets a $60,000 raise and the rest of the workers get 1% or 2% raises and she’s not a particularly stellar performer, it’s their job to ask questions about favoritism. Somehow, Riza, with no unusual merit, managed to score $60,000 extra in her pay packet just because of whom she was sleeping with. You can see why the others would be resentful, they thought they were bankers, not hookers.


24 posted on 04/22/2007 7:30:36 PM PDT by Kitten Festival
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To: Kitten Festival

I hope so.


25 posted on 04/22/2007 7:31:31 PM PDT by nickcarraway
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To: Eva
Leftwingers just want to see the US role in the world bank diminished. I've never heard that before. Most of the people who don't like the World Bank I know are conservatives.
26 posted on 04/22/2007 7:32:59 PM PDT by nickcarraway
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To: Kitten Festival

European vs American “world bank” efforts.

Europe just protecting their own and bashing bush as a bonus.


27 posted on 04/22/2007 7:38:04 PM PDT by longtermmemmory (VOTE! http://www.senate.gov and http://www.house.gov)
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To: Kitten Festival
Union leaders don’t like favoritism...

Union leaders like accountability less. Is there some fact in the WSJ article which is incorrect, which contradicts the thesis? Is there some unmentioned fact which does?

You're starting to sound like a World Bank propagandist. Do you have any connection with the WB?

28 posted on 04/22/2007 7:47:23 PM PDT by gogeo (Democrats want to support the troops without actually being helpful to them.)
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To: gogeo
Do you have any connection with the WB?

Cheers!

29 posted on 04/22/2007 9:30:20 PM PDT by grey_whiskers (The opinions are solely those of the author and are subject to change without notice.)
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To: grey_whiskers

LOL!


30 posted on 04/22/2007 10:59:34 PM PDT by Kitten Festival
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To: Kitten Festival

The scandal is a Jewish man bedding a Muslim woman. He should go just for that.


31 posted on 04/22/2007 11:09:38 PM PDT by montag813
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To: Kitten Festival
Latest: Wolfie's hired a clintonite lawyer to defend him, here.
32 posted on 04/22/2007 11:28:48 PM PDT by Kitten Festival
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To: Kitten Festival
Robert Bennett is a very good, well-connected lawyer. Hiring him was a smart move on the part of Wolfowitz - - like George W. Bush hiring Barry Richard in the election trials of 2000, and Marc Rich hiring Lewis "Scooter" Libby.

``I've handled hundreds of conflict of interest cases, and this is a `nothing' case,'' Bennett said in a telephone interview in Washington yesterday. ``The scandal has been created'' by people who oppose Wolfowitz, he said.

I couldn't agree more.

33 posted on 04/22/2007 11:44:12 PM PDT by Lancey Howard
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To: Lancey Howard

When the facts aren’t on your side, attack your accusers. By his very statement, he shows that he does not have the facts on his side. He’s going after people, that is his tactic, he’s revealed it well.


34 posted on 04/22/2007 11:45:46 PM PDT by Kitten Festival
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To: Kitten Festival
The more people Wolfowitz pisses off at that cesspool "World Bank", which isn't really a 'bank' at all btw, the better.

I personally hope he burns the place to the ground before he leaves.

And just for the record, it isn't physically possible to damage the 'reputation' of the WB.

L

35 posted on 04/22/2007 11:50:01 PM PDT by Lurker (Comparing 'moderate' islam to 'extremist' islam is like comparing small pox to plague.)
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To: Lurker
Wolfowitz is leftwing. He loudly demanded that the US not build a border wall with Mexico. He loudly demanded that Singapore be FORCED to admit smelly, stinking, disruptive leftist hippies to protest their 2006 meeting (what a cave-in coward). He introduced carbon credits at the bank, making Al Gore real happy, but certainly has it in for the western world's economy. Then he engaged in Bono-style africa worship, as this photo here shows (warning: it's a barf alert). How can you stand the guy? Are you saying it's ok when he does it, but not ok when any Democrat does it? Are you that dumb? Wolfowitz hates America and wants to do it in. Not ONCE has he ever defended this country in any capacity, not once.
36 posted on 04/23/2007 12:59:16 AM PDT by Kitten Festival
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To: Kitten Festival
Are you saying it's ok when he does it, but not ok when any Democrat does it?

Never said anything of the kind.

Not ONCE has he ever defended this country in any capacity, not once.

Bullsh**.

L

37 posted on 04/23/2007 1:04:44 AM PDT by Lurker (Comparing 'moderate' islam to 'extremist' islam is like comparing small pox to plague.)
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To: Lurker

No, not BS.I notice you don’t have a single example on offer. That tells us everything.


38 posted on 04/23/2007 2:14:01 AM PDT by Kitten Festival
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To: Kitten Festival
Complete BS.

Wolfowitz Speech on Defending America - Policy Address on Iraqi Disarmament.

Wolfowitz World Bank Anti-Corruption Speech given 4.11.2006.

Here's Wolfies real problem: "“Let’s remember that there are two parties for every corrupt transaction,” he continued. “Developed countries giving money share responsibility for this problem. Every development institution, including the World Bank, has a responsibility to safeguard every dollar and set standards we can be proud of.”

This was from a speech given at Wharton Business College.

Here's another example: The Bush administration appointee will promote anti-corruption measures, accountability, good governance, women's empowerment, education, health, increased infrastructure and agriculture. "Whether investing in education, health, infrastructure, agriculture, the environment, we in the World Bank must be sure that we deliver results," Wolfowitz will say, according to bank officials. "And by results, let me be clear. I mean results that have a real impact in the day-to-day lives of the poor. We stand accountable to them," according to a section of Wolfowitz's speech that was cited by bank officials.

There's three examples for you.

The reason the long knives are out for Wolfowitz is that he's beginning to root out the corruption that's been endemic at the World Bank for decades.

If he does decide to leave, I hope Bush appoints John Bolton to the job.

But I truly hope he stays right where he is for now.

L

39 posted on 04/23/2007 2:49:21 AM PDT by Lurker (Comparing 'moderate' islam to 'extremist' islam is like comparing small pox to plague.)
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To: Lurker

Wrong country, pal. He talked about IRAQ, which is not AMERICA! His true loyalties are to his personal project in Iraq, which he expects American troops (but certainly not himself) to give their lives for.

As for the second speech, notice how he says America is just as bad as Africa because ‘two countries’ are involved in corruption. What he’s trying to do is equivocate Africa’s corruption with America and say they are all alike. Sorry, you flunked on both counts. Show one instance where Wolf can reveal any love for AMERICA? You can’t. I’ve already looked myself and couldn’t find anything. It’s just not his thing. America is this place he harvests his personal benefits from and then moves on to clink cocktails with the international bureaucrats with. He uses America for his own Iraq obsessions but that’s about it. That’s not the same as loving America or caring about its welfare. he doesn’t. He’s a leftist.


40 posted on 04/23/2007 2:54:02 AM PDT by Kitten Festival
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