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NEWS ABOUT: World Bank

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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... More »

Wolfowitz Hires Clinton Lawyer

Bennett comes to neocon's aid as former World Bank staff call for resignation

(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... More »

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 »

Wolves Circle Wolfowitz

Neocon World Bank president says he won't resign

(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"... More »

Neocon No Sharper in Love Than War

Dowd on Wolfowitz: Where's the apology for Iraq?

(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... More »

Sweetheart Deal May Sink Wolfowitz

World Bank staff boos his apology for pushing girlfriend's promotion

(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... More »

Aid Grows Despite Embargo

(Newser) - Palestinians are actually receiving more foreign aid, not less,  than they were before the US and the European Union slapped an aid embargo against the Hamas led Palestinian Authority last year, reports Steven Erlanger. The United Nations and the International Monetary Fund say $1.2 billion was given to... More »

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