Monday, May 21, 2007

The Wolfowitz Legacy

Following on from the much heralded resignation of Paul Wolfowtiz from the presidency of the World Bank, questions are already being raised about the willingness of member countries to maintain the tradition that the new bank president be nominated by the American president.

The World Bank, having thrust the issue of ethics and accountability firmly into the spotlight, is also facing some very hard questions about its internal structure and procedures.

Aside from internal accountability, questions are also being asked about the accountability and honesty of those nations that benefit from loans and aid handed out by the World Bank.

It is ironic that Bush and Wolfowitz may, quite unwittingly, have done the World Bank a service by forcing these issues into the spotlight.

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