posted on Sep, 24 2005 @ 07:23 AM
The president of the World bank Paul Wolfowitz, who was appointed by the Bush administration, will today present his maiden speech at the joint
bi-annual meeting of The international Monetary Fund (IMF) and The Wolrd Bank. He is expected to demand tangible results from programs designed to
fight poverty in third world countries and especially focus on Africa. He is believed to call for political accountability and according to a pre
released text of the speech will speak of effective leaders being accountable to their people.
By pushing results-driven programs, Mr Wolfowitz will be responding to a long-standing US government objective that was a source of friction between
former World Bank president James Wolfensohn and the Bush Treasury Department.
The Bush administration clashed with Mr Wolfensohn over the bank's lending practices.
The administration wanted more evidence that projects were reducing poverty and not being wasted in ill-conceived programs or bureaucracy.
"If we can help liberate the energies of the African people and unleash the potential of the private sector to create jobs, Africa will not only
become a continent of hope but a continent of accomplishment," Mr Wolfowitz will say.
Mr Wolfowitz will call for political accountability.
"Effective leaders also recognise that they are accountable to their people," he will say, according to the text.
"Effective leaders listen. Institutions of accountability like civil society and a free press help leaders listen, hold them accountable for results
and are key to controlling corruption."
Please visit the link provided for the complete story.
There are a few too many wolf's at the World Bank. While all this is great for a speech and good on paper, unfortunately The World Bank has a
sinister conotation in many regards on the world economy today. It is one thing to call for accountability but quite another to enforce it and time
will tell if that rings true with the World Bank.
[edit on 24-9-2005 by Mayet]