Wolfowitz vows to remain World Bank chief
Wolfowitz vows to remain World Bank chiefAnswers 'great concern' of development ministers in wake of flap over girlfriend's promotion.
April 15 2007: 5:49 PM EDT
WASHINGTON (Reuters) -- Development ministers from around the globe Sunday voiced "great concern" over World Bank chief Paul Wolfowitz's handling of his girlfriend's promotion, but Wolfowitz said he intends to stay in his job.
"The current situation is of great concern to all of us," the top officials said in a communique issued after a meeting of the IMF-World Bank Development Committee.
"We have to ensure that the bank can effectively carry out its mandate and maintain its credibility and reputation as well as motivation of the staff," the ministers from World Bank member states said.
In a news conference shortly after the Development Committee's tough words were released, Wolfowitz said he believed he could still effectively lead the poverty-fighting lender. "This is important work and I intend to continue it."
Top European officials were among those who expressed worry in closed-door sessions Sunday that Wolfowitz had tarnished the bank's reputation by helping to secure a high-paying promotion for his girlfriend, bank employee Shaha Riza.
At the start of speeches to the Development Committee, ministers from Britain and Germany said the bank's reputation had been dented, sources told Reuters.
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Labels: World Bank
posted by MrK @ 10:50 PM
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