Saturday, April 21, 2007

Time to go, Mr. Wolfowitz

Says the "Japan Times" His involvement in the Iraq war was worrisome for many observers and many World Bank employees, and his push to accelerate lending to Iraq and open a branch office in Baghdad was seen as an attempt to push the Bush administration's agenda. IMO that is a matter that is essentially ultra vires for a person in his position.

In addition, the shills and Bushies Wolfowitz brought with him to the bank clashed with regular World Bank personnel. Also, Wolfowitz has championed an anticorruption campaign among recipients of World Bank loans that has worried many donors. They are concerned that it will politicize the institution. Obviously bankers do not or should not want corruption, but his own methods have not been clean to the point where the bank's governors last year rejected Mr. Wolfowitz's original plan; and he is still trying to get some plan adopted.

Last weekend, finance officials from the World Bank and member governments issued a communique expressing "great concern" about the bank's future.In less diplomatic terms, in effect they said he was total crap and should leave, but in the way that kind of schnorrer does, he hangs on for more money and influence.

As the Japan Times says, how can the world's lending institution demand higher standards from its loan recipients than it does from its top executive?

IMO: Wolfowitz the schnorrer should go or be frogmarched out of the Bank, and thrown out into the street.

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