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Wolfowitz Named
World Bank Chief

Enterprise Security Today
3-31-5



The World Bank Thursday named Paul Wolfowitz its next president despite misgivings about the deputy U.S. defense secretary's "neoconservative" ideology and enthusiastic promotion of the war in Iraq.
 
The World Bank board, which is dominated by the United States, Europe and Japan, unanimously agreed on the controversial figure as the successor to James Wolfensohn, 71.
 
Wolfowitz, 61, a former ambassador to Indonesia and State Department official, vowed to uphold the bank's "noble mission" of eradicating poverty when he replaces Wolfensohn on June 1.
 
But while campaigners kept up a barrage of objections over his suitability for the post, U.S. President George W. Bush vowed to work with Wolfowitz.
 
"The president looks forward to working with president-designate Wolfowitz and World Bank member countries to advance the fight against global poverty, promote development and meet the International Development Goals of the Millennium Declaration," said a White House statement.
 
Wolfowitz said that debt relief for the poorest nations was a pressing issue in his new in-tray, along with a September summit of the United Nations devoted to the so-called Millennium Development Goals.
 
The UN goals, established in September 2000, aim to slash global poverty in half by 2015, step up the fight against diseases such as AIDS and tuberculosis and increase access to education.
 
Wolfowitz pledged to work closely with European Union officials, having visited Brussels on Wednesday as part of a charm offensive to woo governments suspicious about his policy views and role in the war in Iraq.
 
Wolfowitz was the sole candidate to serve as president of the International Monetary Fund's sister institution. By tradition, an American leads the World Bank and a European the IMF.
 
Many in Europe and beyond were aghast at the nomination of a figure whose "neocon" instincts would appear to put him at odds with the value of multilateral institutions such as the World Bank.
 
Wolfowitz is accused in addition of vastly underestimating Iraq's post-war needs through a "neocon" belief that the fruits of U.S.-imposed liberal economics would be immediate.
 
But EU nations overcame their objections and France is now said to be lobbying hard for Wolfowitz to choose a Frenchman as his deputy.
 
"As I have said frequently, that mission -- helping the poorest of the world to lift themselves out of poverty -- is a noble mission," Wolfowitz added.
 
"I believe deeply in that mission. Nothing is more gratifying than being able to help people in need and developing opportunities for all the people of the world to achieve their full potential."
 
Wolfowitz will be the bank's 10th president, and its most controversial since Robert McNamara (1968-1981), who as U.S. defense secretary was the architect of the Vietnam War.
 
He will take over an organization with nearly 10,000 staff that last year extended US$20 billion in funding for development projects around the globe.
 
Through its various agencies, the bank bills itself as the largest external funder of education and HIV/AIDS programs in the world.
 
Activists were unimpressed with Wolfowitz's pledges.
 
Emira Woods, co-director of the left-wing Foreign Policy In Focus think-tank, said the installation of Wolfowitz at the World Bank rounded off Bush's "wrecking crew to demolish internationalism."
 
This was all the graver "when the world community needs to come together to tackle the debt crisis, HIV/AIDS, access to clean water, affordable education andhealthcare Latest News about healthcare, livable wages and a clean environment," she said.
 
© 2005 Agence France-Presse. © 2005 CIO Today.
 
http://enterprise-security-today.newsfactor.com/estbusbrf/story.


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