White House Cutting its Losses on Wolfowitz

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Forty-two former World Bank senior executives have written a letter urging the resignation of World Bank president Paul Wolfowitz, and if you’re wondering if the White House will turn a deaf ear to them the way they have towards the bipartisan calls for Alberto Gonzales’ resignation, wonder no longer. According to news reports, the White House has drawn up a list of possible replacements for Wolfowitz. (Maybe it was the fact that Wolfie breached national security for something as silly as getting his lady friend a job.) I found this interesting:

Most prominent on the list is Ashraf Ghani, the man credited with overhauling the economy of Afghanistan after September 11… Such an appointment would mark the first time a non-American has held the position in the 60-year history of the global lender.

If you’re wondering why the White House has so much control over naming the head of the World Bank, an international aid organization independent of the United States government, it’s because the U.S. and Europe have worked out a sweet deal wherein the U.S. names the World Bank president and the E.U. names the head of the IMF. Asia, who is grossly underrepresented in both organizations, has little say. The situation with Wolfowitz has created calls to revamp this privilege-laden process.

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DEMOCRACY DOES NOT EXIST...

without free and fair elections, a vigorous free press, and engaged citizens to reclaim power from those who abuse it.

In this election year unlike any other—against a backdrop of a pandemic, an economic crisis, racial reckoning, and so much daily bluster—Mother Jones' journalism is driven by one simple question: Will America move closer to, or further from, justice and equity in the years to come?

If you're able to, please join us in this mission with a donation today. Our reporting right now is focused on voting rights and election security, corruption, disinformation, racial and gender equity, and the climate crisis. We can’t do it without the support of readers like you, and we need to give it everything we've got between now and November. Thank you.

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