The World Bank After Wolfowitz: Harm Reduction
The World Bank After Wolfowitz: Harm Reduction By Mark Weisbrot This column was printed in the June 11, 2007 edition of The Nation. If anyone wants to reprint it, please let CEPR know, by replying to this message. When Paul Wolfowitz finally agreed to resign from the presidency of the World Bank, it seemed that all of Washington breathed a sigh of relief. Of course, the Bank board’s assurance that Wolfowitz acted “ethically and in good faith in what he believed were the best interests of the institution” was hard for many to swallow. But as one Bank insider told the Financial Times, “It is terrible–but I guess that was the price to pay to get him out.” It was not just Wolfowitz’s role in arranging an overly generous pay increase and promotion for his girlfriend that lay behind his […]