Paul Wolfowitz

WASHINGTON, June 25, 2007 - The Executive Directors of the International Bank for Reconstruction and Development (the “Bank”) met today to select a new President of the Bank. In doing so, the Executive Directors expressed appreciation to Mr. Paul Wolfowitz as departing President of the World Bank Group.    » read more »

14 June 2007 -- The conservative Washington-based research organization, the American Enterprise Institute (AEI), Thursday held a forum on ways to reform the World Bank, the planet's biggest development lender recently engulfed in controversy that led to the resignation of Paul Wolfowitz as president.

The panel debated whether the over 180 member-nation World Bank is still needed 60 years after it was founded to rebuild war-torn Europe. With one exception the panel of five seemed to agree that the answer is yes, provided changes are made.    » read more »

WASHINGTON, DC, 30 June, 2007- The World Bank’s Board of Executive Directors acknowledges the nomination today by the Executive Director of the United States of Mr. Robert Zoellick as World Bank President.

The Board of 24 directors representing 185 member countries looks forward to holding discussions with Mr. Zoellick as part of the selection process.

The Board has set a deadline of June 15 to receive nominations for the position of President of the World Bank Group. After that date, Board meetings will be held to consider all nominations.    » read more »

May 30, 2007 -- WASHINGTON, D.C.—Senate Majority Leader Harry Reid released the following statement today in response to the White House's selection of Robert Zoellick to replace Paul Wolfowitz as president of the World Bank:    » read more »

May 30, 2007 -- THE PRESIDENT: Good morning. I thank Secretary of Treasury Paulson for joining us today. I'm pleased to announce that I will nominate Bob Zoellick to be the 11th President of the World Bank.    » read more »

Washington DC, May 29, 2007- There has been intense interest in the selection process for the next World Bank President, following the announcement of Mr. Wolfowitz’s resignation effective June 30, 2007. The Executive Directors have met to discuss matters related to the nomination and selection process for the next President of the World Bank.

The Executive Directors have prepared a profile of key qualities for nominees to guide the selection process. The Board believes it is essential for the next World Bank President to have:

• a proven track record of leadership;    » read more »

Chapel Hill, North Carolina – Senator John Edwards released the followng statement today following the announcement that World Bank president Paul Wolfowitz is resigning. Edwards first called for Wolfowitz' resignation on April 13th, 2007.

"It's about time. I called for Paul Wolfowitz's resignation a month ago when it became clear that his leadership was undermining America's ability to lead the fight against global poverty. Wolfowitz's tenure at the World Bank was marked by serious questions of financial integrity that alarmed our allies.    » read more »