The World Bank’s board on Friday deferred a final decision on the fate of bank president Paul Wolfowitz, whose role is under scrutiny after the accusations of favoritism shown to his girlfriend at the bank. The World Bank’s board of directors expressed ‘great concern’ over th[...]
Posts Tagged ‘Shaha Riza’
May 3rd, 2012 - 1:10 pm § in News Of Economy
Wolfowitz retaliates, complains of a ‘smear campaign’
World bank President Paul Wolfowitz launched an attack on his detractors yesterday and claimed that he was a victim of a ‘smear campaign.’ Appearing before a panel of the bank’s executive board, he defended himself vigorously and said that the charges of ethical lapses leveled agai[...]
April 26th, 2012 - 12:20 pm § in News Of Economy
Final act in Wolfowitz drama, WB Panel releases report
The ad hoc World Bank panel has criticized Wolfowitz for violating the ‘Code of Conduct and Staff Rules,’ and has rejected the arguments that he had earlier submitted in his defense. The panel appointed by the World Bank, to look into the charges leveled against World Bank President Paul[...]
April 24th, 2012 - 12:18 pm § in News Of Economy
Face-saving exercise in the making; Wolfowitz working on resignation
The ongoing leadership crisis at the World Bank is heading for a speedy conclusion. Beleaguered World Bank President, Paul Wolfowitz, is negotiating an agreement to resign, if sources are to be believed. Wolfowitz is seeking a face-saving arrangement that would allow him to resign and at the same ti[...]
April 18th, 2012 - 9:24 am § in News Of Economy
Wolfowitz’s parting shot directed at media
Paul Wolfowitz, the departing president of World Bank, on Monday, once again refused to take the blame for his exit from the Bank. In an interview to the British Broadcasting Corporation, he blamed media and ‘overheated emotions’ at the Bank for his premature departure. Wolfowitz had res[...]
April 16th, 2012 - 9:21 am § in News Of Economy
US official: Zoellick’s appointment on the cards at WB
A senior U.S. official, speaking on conditions of anonymity, said yesterday that Robert Zoellick, a former U.S. Trade Representative, has been chosen to succeed Paul Wolfowitz at the World Bank. He further added that President Bush is likely to announce his choice on Wednesday. Robert Zoellick will [...]