Saturday, April 14, 2007

Britain Says Wolfowitz Has Damaged World Bank

According to Reuters, the Wolfowitz scandal has embarrassed the UK:
Britain said on Saturday the scandal over World Bank President Paul Wolfowitz's promotion of his girlfriend has damaged his institution and the decision over his fate should now lie with its board.

"While this whole business has damaged the Bank and should not have happened, we should respect the board's process," British development minister Hilary Benn said in a statement released as he arrived in Washington for the World Bank/International Monetary Fund meetings.

"I am sure these views will be shared by other governors who will also be considering their responses."

Wolfowitz has been under growing pressure to resign after it became known that he approved a big pay rise and new job for his girlfriend -- a World Bank staffer.

The White House has offered its full backing for the former Bush administration stalwart but many other countries have so far remained cautious about prejudging any decision by the World Bank's board.
Here's a typical headline from Australia's Sydney Morning Herald: The banker, his lover and her pay rise of $80,000.

That Wolfowitz appears to be blind to the damage the World Bank scandal is doing to him and the institution he heads is another argument for his swift departure...