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Stories related to: World Bank

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  • May 2007

    • World Bank Fallout Runs Downhill

      Associated Press  |  May 7, 07 3:30 PM CDT

      World Bank Fallout Runs Downhill

      (Newser) - A top Paul Wolfowitz adviser—and Bush administration loyalist—has announced his resignation from the World Bank, citing the fallout from the Shaha Riza scandal. Kevin Kellems, who met Wolfowitz when both were at the Pentagon, says he cannot be "effective" in the wake of accusations that the bank president inappropriately secured a position for his girlfriend. More »

      Tags

      media  • scandals  • World Bank  • Paul Wolfowitz  • Shaha Riza

    • Venezuela to Leave IMF, World Bank

      Wall Street Journal  |  May 1, 07 8:32 AM CDT

      Venezuela to Leave IMF, World Bank

      (Newser) - Hugo Chávez said yesterday he will pull Venezuela out of the International Monetary Fund and the World Bank, institutions the leftist leader blames for contributing to poverty in Latin America. Venezuela will also take control of foreign oil projects previously run by multinational companies, some U.S.-based, in a bid to use control over oil to influence world politics. More »

      Tags

      China  • oil  • Venezuela  • Hugo Chavez  • World Bank  • poverty  • Latin America  • International Monetary Fund  • IMF

    • Wolfowitz Hints at Resignation

      Wall Street Journal  |  May 1, 07 6:07 AM CDT

      Wolfowitz Hints at Resignation

      (Newser) - Besieged World Bank president Paul Wolfowitz suggested for the first time that he would resign his post—but only if he is first cleared of wrongdoing in ordering promotions and pay raises for his girlfriend Shaha Riza, reports the Wall Street Journal . A committee of the bank's board, investigating the charges, heard from Wolfowitz and Riza yesterday. More »

      Tags

      business  • scandals  • investigation  • World Bank  • Paul Wolfowitz  • Shaha Riza

  • April 2007

    • Wolfowitz Catches Hell From Angry World Bank Managers

      New York Times  |  Apr 25, 07 7:56 AM CDT

      Wolfowitz Catches Hell From Angry World Bank Managers

      (Newser) - Top managers at the World Bank held a tense closed-door meeting with Paul Wolfowitz last week, details of which have leaked to the Times. Managing director Graeme Wheeler told the sullied president he would cause “fantastic damage” by staying at the bank, which is facing "the biggest crisis in its history." More »

      Tags

      World Bank  • resignation  • Paul Wolfowitz  • crisis

    • Wolfowitz Hires Clinton Lawyer

      Washington Post  |  Apr 24, 07 7:32 AM CDT

      Wolfowitz Hires Clinton Lawyer

      (Newser) - Paul Wolfowitz has hired Robert Bennett, Bill Clinton's counsel during the Paula Jones affair, to guide the besieged World Bank president through his own budding scandal. Bennett immediately dismissed talk of Wolfie's resignation, even after dozens of former staffers placed an ad in the Financial Times calling on him to quit. More »

      Tags

      scandals  • World Bank  • Paul Wolfowitz  • Shaha Riza  • Neocon

    • Hitchens: Lay Off Wolfie!

      Slate  |  Apr 19, 07 8:19 AM CDT

      Hitchens: Lay Off Wolfie!

      (Newser) - Unflappable contrarian Chris Hitchens casts a sympathetic eye at beset World Bank president Paul Wolfowitz. Cries for Wolfowitz's resignation have crescendoed since revelations that he had a hand in getting his girlfriend, Shaha Riza, a big promotion at the poverty-fighting organization last year. More »

      Tags

      scandals  • World Bank  • Paul Wolfowitz  • Shaha Riza  • Christopher Hitchens  • Neocon

    • Wolves Circle Wolfowitz

      Wall Street Journal  |  Apr 16, 07 6:52 AM CDT

      Wolves Circle Wolfowitz

      (Newser) - Embattled World Bank president Paul Wolfowitz is hanging tough in the face of a crescendo of calls for his resignation after improperly promoting the interests of his live-in girlfriend. In a weekend of maneuvering, the bank's development committee offered no shelter, issuing a vague but harsh statement that the organization" adhere to a high standard of internal governance." More »

      Tags

      Iraq war  • scandals  • bank  • World Bank  • Paul Wolfowitz  • Shaha Riza

    • Neocon No Sharper in Love Than War

      New York Times  |  Apr 14, 07 1:44 PM CDT

      Neocon No Sharper in Love Than War

      (Newser) - The spectacle of Paul Wolfowitz clinging to his post at the World Bank after using it to promote his girlfriend is catnip to Maureen Dowd, an arch critic of the neocon cabal that cooked up the war in Iraq: "You will not be surprised to learn, gentle readers, that Wolfie in love is no less deceptive and bumbling than Wolfie at war." More »

      Tags

      Iraq  • Iraq war  • scandals  • World Bank  • Paul Wolfowitz  • Neocon

    • Sweetheart Deal May Sink Wolfowitz

      Washington Post  |  Apr 13, 07 6:41 AM CDT

      Sweetheart Deal May Sink Wolfowitz

      (Newser) - World Bank president Paul Wolfowitz faced mounting pressure to resign last night as details emerged over his role in ordering a promotion and pay raise for an employee with whom he is romantically involved. Wolfowitz apologized at a press conference and again to a gathering of bank staff members, where he was greeted with boos and chants of "resign, resign." More »

      Tags

      Iraq war  • business  • scandals  • bank  • World Bank  • Paul Wolfowitz

  • March 2007

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