Why did Paul Wolfowitz resign from the World Bank?Why did Paul Wolfowitz Paul Dundes Wolfowitz (born December 22, 1943) is a visiting scholar at the American Enterprise Institute, working on issues of international economic development, Africa and public-private partnerships. resign from the World Bank? If you think it had anything to do with a pay raise for his girlfriend, Shaha Riza Shaha Ali Riza, (Arabic: شاها علي رضا) (born 1953 or 1954), is a World Bank staffer who is currently on external assignment. , you've been led astray by the astonishingly a·ston·ish tr.v. as·ton·ished, as·ton·ish·ing, as·ton·ish·es To fill with sudden wonder or amazement. See Synonyms at surprise. slanted mainstream-media coverage. Riza's deal was always a red herring Red Herring A preliminary registration statement that must be filed with the SEC describing a new issue of stock (IPO) and the prospects of the issuing company. Notes: , and Wolfowitz justifiably demanded that, in exchange for his resignation, the Bank's board acknowledge that he had done nothing wrong. The board took the deal and admitted that Wolfowitz had "acted ethically and in good faith in what he believed were the best interests of the institution." Wolfowitz's moves to cut off corrupt governments from development aid angered the Bank's bureaucrats, who are primarily concerned with moving money out the door. That, along with his association with the Iraq War, is the real reason the Bank rejected him. The United States contributes more money than any other country to the World Bank, but Wolfowitz's ouster ouster n. 1) the wrongful dispossession (putting out) of a rightful owner or tenant of real property, forcing the party pushed out of the premises to bring a lawsuit to regain possession. shows that Bank officials are more interested in U.S. dollars than in U.S. leadership. Is America's relationship with the Bank worth continuing? |
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