British attack Wolfowitz at the IMF/World Bank meeting

14 de abril de 2007

<body><div id="article"><tr><td height="28" valign="middle" width="184"></td><td valign="middle" width="185"></td></tr><h1>British attack Wolfowitz at the IMF/World Bank meeting</h1><p>April 14 (LPAC)--In a development that tends to confirm Lyndon LaRouche's hypothesis (see April 14 briefing) that a faction in the UK is backing the effort to dump Paul Wolfowitz, British Finance Minister Gordon Brown, the likely Prime Minister in waiting, held a joint press conference with International Monetary Fund Managing Director Rodrigo Rato, telling the press: "The World Bank's board must decide the fate of Paul Wolfowitz. Having published the facts themselves, the board obviously has to complete its work. And I think we have got to respect the board process," according to Reuters. The facts published by the Board make clear that Wolfowitz was personally responsible the huge pay raise for his girlfriend, without approval from the ethics committee at the Bank.</p><p>British Development Minister Hilary Benn also spoke out, in a statement released as he arrived in Washington for the World Bank/IMF meeting, saying that "this whole business has damaged the Bank and should not have happened..." He added that "I am sure these views will be shared by other governors [of the Bank] who will also be considering their responses."</p><p>Indeed, Reuters reports that French Finance Minister Thierry Breton said on Friday that the World Bank is "an institution whose governance and ethics must obviously be impeccable." Germany's Development Minister Heidemarie Wieczorek-Zeul told Reuters that Wolfowitz "himself has to decide whether he still has the credibility to represent the position of the World Bank." Brazilian Finance Minister Guido Mantega added that "We'll have to see if Wolfowitz will be able to retain the moral authority necessary to fulfill his duties."</p><p>In fact, it seems that Wolfowitz's only defenders come from inside the Bush Administration. Bloomberg reports that Treasury Secretary Hank Paulson told a news conference on Friday that "I have very high regard for Paul Wolfowitz." he described Wolfowitz as a "very dedicated public servant."</p><p></p></div></body>