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Wolfowitz News World Bank President
Cameroon Tribune (Yaoundé)
April 1, 2005
Posted to the web April 1, 2005
Lukong Pius Nyuylime
The United States Deputy Defence Secretary was confirmed yesterday after a crucial European support.
A new page has been opened in the World Bank. The American-born Paul Wolfowitz was yesterday elected to the post of president of the World Bank by the banks' directors, representing 184 countries. He replaces James Wolfensohn who served the institution for ten good years.
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The election of Wolfowitz as the tenth president defies all the controversy ignited by his nomination. He was proposed for the post by the American president, George W. Bush. But the proposal was seen in some quarters as an attempt to bend a multilateral body to US demands. "I understand that I'm to put it mildly a controversial figure," he said. "But I hope as people get to know me they will understand that I really do believe deeply in the mission of the Bank." He has promised to seek a "truly multinational" management team - but would not give Europe an unequivocal promise on the deputy's post.
As he take up his post, the major question asked by many is whether the new president will bring his new brand of conservatism to the World Bank?
Wolfowitz News World Bank President
Cameroon Tribune (Yaoundé)
April 1, 2005
Posted to the web April 1, 2005
Lukong Pius Nyuylime
The United States Deputy Defence Secretary was confirmed yesterday after a crucial European support.
A new page has been opened in the World Bank. The American-born Paul Wolfowitz was yesterday elected to the post of president of the World Bank by the banks' directors, representing 184 countries. He replaces James Wolfensohn who served the institution for ten good years.
Subscribe to AllAfrica
The election of Wolfowitz as the tenth president defies all the controversy ignited by his nomination. He was proposed for the post by the American president, George W. Bush. But the proposal was seen in some quarters as an attempt to bend a multilateral body to US demands. "I understand that I'm to put it mildly a controversial figure," he said. "But I hope as people get to know me they will understand that I really do believe deeply in the mission of the Bank." He has promised to seek a "truly multinational" management team - but would not give Europe an unequivocal promise on the deputy's post.
As he take up his post, the major question asked by many is whether the new president will bring his new brand of conservatism to the World Bank?
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