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Monday, March 27, 2017
Christian Aid condemns Wolfowitz appointment
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¬†Christian Aid has said it is 'appalled' by the news that Paul Wolfowitz has been nominated by the United States to become the new president of the World Bank. The US deputy defence secretary looks set to be confirmed as the new head of the World Bank in New York today, after winning Europe's backing at a meeting with European leaders in Brussels yesterday. His nomination has been deeply criticised by aid organisations, because of his key role in the Iraq war and his lack of development experience. In a statement issued when the nomination was first announced on 17 March, Christian Aid said: "This latest appointment is a stark reminder of the undemocratic nature of these international financial institutions. "Most poor nations ≠ where the World Bank and the International Monetary Fund (IMF) wield the most power ≠ have the least say in the way the institutions are run and the decisions they take. "US President George Bush is able to put forward a controversial ally and strong advocate of the Iraq war to run an institution that has a significant influence over the economic fortunes of developing nations. "It is difficult to imagine how Mr Wolfowitz's past experience as Defence Secretary Donald Rumsfeld's deputy will have prepared him to lead an important multilateral agency tasked with promoting good governance and poverty reduction throughout the developing world. "Recruitment procedures at the higher levels of the World Bank and IMF resemble an old boy's network, and not the transparent process we would expect from institutions that are technically part of the UN family'. "Five years ago the UK government pledged to challenge the undemocratic nature of the World Bank and IMF in their 2000 white paper on globalisation. "And just five days ago the Africa Commission underlined the importance of good governance to bring African countries out of poverty. "Yet today has shown that the principles of good governance only apply to African governments, and not to the institutions who wield so much power in the continent." Wolfowitz told reporters yesterday: "I understand that I'm to put it mildly a controversial figure. But I hope as people get to know me that they will understand that I really do believe deeply in the mission of the Bank." "It's a... unifying mission, and frankly that's going to be fun." Source: Christian Aid/ACN
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