Sunday, May 6, 2007

World Bank to meet this week on Wolfowitz future

(Reuters) - The bank's board of shareholder nations will meet as soon as Tuesday, possibly followed by a second meeting, to decide whether Paul Wolfowitz will be forced out or given the chance to negotiate his departure, according to board sources who declined to be identified.

According to the sources, it is virtually impossible for Wolfowitz to stay on as president for the rest of his term because of the damage to the bank's credibility and its ability to be effective in its mission to reduce global poverty.


Read more at Reuters.com Bonds News

No comments: