CGD in the News

Wolfowitz issue highlights bank selection process

May 06, 2007

CGD president Nancy Birdsall was quoted in this Reuters article about the process of selecting the President of the World Bank.

From the article:

"Evidently the Europeans are the ones who most clearly want Paul Wolfowitz to resign," said Nancy Birdsall, president of the Washington-based Center for Global Development. "But to use the expression that it is European-orchestrated seems to imply that there is something more to it than there is ... and I don't think it goes back to Iraq."

Wolfowitz on Monday implied he might consider quitting at some point, but only if cleared of any wrongdoing in how he handled his girlfriend's promotion and pay raise.

Birdsall and others are looking past Wolfowitz's tenure, whether abbreviated by resignation or not, toward the bank's future and are questioning whether the practice of having an American head it, as has been the case since 1946, makes sense.