(May 1, 2007) For the past few weeks, the world has been riveted by the difficulties of Paul Wolfowitz, president of the World Bank, regarding a potential conflict of interest involving the salary of his partner, also a senior official there. With the bank’s board deliberating this week over how to handle the charges, the controversy now needlessly and regrettably threatens Wolfowitz’s presidency, which has been largely defined by his energetic support for a new Africa that is struggling to emerge.
(April 30, 2007) “The goal of this smear campaign, I believe, is to create a self-fulfilling prophecy that I am an ineffective leader and must step down for that reason alone, even if the ethics charges are unwarranted.” – Paul Wolfowitz
(April 30, 2007) The submission of Paul Wolfowitz’s lawyer, Robert Bennett, to the World Bank’s ad hoc committee.
(April 30, 2007) “I find it inconceivable that the Ethics Committee did not know the details of the arrangements with Ms. Riza. The information was certainly available to them and I assume they were not negligent in their duties.”
(April 30, 2007) Verdict first, trial later: the real disgrace here isn’t Mr. Wolfowitz or Ms. Riza but the World Bank itself and its self-protecting staff and European directors.
(April 25, 2007) Strasbourg, France: The European Parliament on Wednesday called for the resignation of World Bank President Paul Wolfowitz, adding to the pressure on the head of the poverty-fighting institution to step down.
(April 23, 2007) The actions of World Bank president Paul Wolfowitz have led to allegations of impropriety just when his campaign against corruption had gathered momentum.
(April 17, 2007) Since its creation in 1944, the World Bank has become the world’s leading architect of Third World corruption. In the Third World countries themselves, the World Bank has created hundreds of state-owned enterprises and then lavished them with money, requiring their officials to subject themselves neither to public oversight nor the bank’s own scrutiny. Among the Western suppliers to these corrupt state corporations, the bank awarded billions of dollars in contracts, again without public oversight or bank scrutiny, let alone market discipline.
(April 15, 2007) As the World Bank handed out a communiqué that talked about "transparency" and "equity," beleaguered Bank President Paul Wolfowitz deflected a barrage of questions from journalists seeking more information about allegations of nepotism involving a Bank employee who is personally involved with him.
(April 14, 2007) Direct quotes contained in documents released by the World Bank on April 12 regarding the personnel case involving Shaha Riza.
(April 12, 2007) Paul Wolfowitz “must acknowledge that his conduct has compromised the integrity and effectiveness of the World Bank Group and has destroyed the staff’s trust in his leadership. He must act honorably and resign.” World Bank
(April 12, 2007) “In hindsight, I wish I had trusted my original instincts and kept myself out of the negotiations. I made a mistake, for which I am sorry.” World Bank
(April 12, 2007) Documentation released by the Office of Paul Wolfowitz in response to questions about the personnel case involving Shaha Riza.
(April 9, 2007) Paul Wolfowitz claims he acted on the advice of the Board’s Ethics Committee to work out an agreement that balanced the interests of the institution and the rights of Shaha Riza in an “exceptional and unprecedented situation.” World Bank
(April 1, 2007) World Bank documents regarding an alleged conflict of interest on the part of World Bank President Paul Wolfowitz in relation to Shaha Riza, a former staff member and personal companion […]