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Wolfowitz no longer in world bank race Original Source Link: (May no longer be active)    http://www.reuters.com/newsArticle.jhtml?type=politicsNews&storyID=7800712 http://www.reuters.com/newsArticle.jhtml?type=politicsNews&storyID=7800712 Wolfowitz No Longer in World Bank Race - Wolfensohn Thu Mar 3, 2005 01:13 PM ET BRUSSELS (Reuters) - U.S. Deputy Defense Secretary Paul Wolfowitz is no longer in the running to head the World Bank, outgoing bank president James Wolfensohn said Thursday. "Mr. Wolfowitz is no longer part, I think, of the exercise, so I don't think there is any need to comment," Wolfensohn told reporters after meeting European Commission President Jose Manuel Barroso in Brussels. Wolfensohn later said his remarks were based solely on Pentagon spokesman Lawrence Di Rita's Wednesday comments that suggested Wolfowitz would remain in his current job. "I have no personal knowledge. I was simply referring to the Pentagon statement," he said in a statement released by the World Bank in Washington. Wolfowitz, a deeply controversial figure in Europe because of his role in designing and promoting the Iraq war, had been touted as a possible successor to Wolfensohn though contradictory reports had arisen over his candidacy. A Republican source with close ties to the administration told Reuters on Wednesday that Wolfowitz was still in the running despite Di Rita's Pentagon statement. By tradition, the United States selects the World Bank president while Europeans nominate a head of the International Monetary Fund. The U.S. Treasury Department has said it wants a new president in place before Wolfensohn departs in June after 10 years in the post. Former Hewlett-Packard Corp. chief executive Carly Fiorina is considered another top contender for the World Bank presidency. Michigan State University President Peter McPherson, Iowa Republican Congressman Jim Leach, U.S. global AIDS coordinator Randall Tobias and Treasury Undersecretary John Taylor are also believed to be in the running. In Brussels, Wolfensohn said he believed his successor should be someone who is passionate about fighting poverty and promoting human development, not just a good manager. Asked whether Wolfowitz met the criteria, he joked: "I submitted the name of my son and I think they got it mixed it up." (Additional reporting by Laura MacInnis in Washington)

protests Architect of bush trade picked for worldbank { May 30 2007 } Bank of international settlements switzerland gold Bis established in 1930 under hague agreements { April 5 2004 } Blair helps relieve debt for 18 nations { June 11 2005 } Brazil bailout { August 8 2002 } Bribery culture harming poor nations { September 29 2004 } Colin powell bound for the world bank { April 27 2004 } Congressman ron paul bill sunset bretton woods Euros donated to palestinians through world bank Failures of 20th century { October 8 2000 } Groups protest world banks destructive prototype carbon fund Imf admits some mistakes Imf allows bankruptcy { September 29 2002 } Imf bailout { August 15 2002 } Imf cuts debt clause { January 8 2003 } Imf director endorses tokyo yen intervention { February 25 2004 } Imf dr death { April 17 2000 } Imf forces countires sell off privitize public assets { March 4 2002 } IMF forces ghana to privitize its water Imf grants 495m to turkey Imf hides its gold holdings { July 1999 } Imf policies promoted poverty in argentina Imf puts off debt relief till the next year { October 3 2004 } Imf says dollar overvalued { October 17 2007 } Imf seeks chief as kohler is put up for german presidency Imf severed dollar from other currencies 1976 Imf should end its bankroom deals Imf unveils profound changes { March 2006 } IMF warns risk of permanent oil shock { April 7 2005 } Imf wins new powers to police global economy { March 2006 } India farmers committing suicide { May 19 2004 } Indonesia new world monetary system { May 4 1998 } Israel imf debt { April 11 2003 } Liquidate imf Out of control { May 14 2002 } Protectionism would hamper growth says IMF { April 26 2004 } Spaniard gets us nod as next imf chief { April 23 2004 } US opposes IMF golf selloff for debt relief { February 6 2005 } Us rejects imf warning that debts could affect global economy Venezuela spurns IMF Wallstreet disagrees with argentina loan payoff What is imf { November 14 2001 } What is world bank { November 14 2001 } Wolfensohn attacked green paint [jpg] Wolfensohn gets green paint by protestors { March 17 2004 } Wolfensohn kofi bloomberg bono clinton 70th birthday { December 5 2003 } Wolfensohn will help aid palestinian reforms Wolfowitz cut uzbekistan funds after airbase row { April 13 2007 } Wolfowitz no longer in world bank race Wolfowitz reverses debt relief plan for congo { April 12 2007 } World bank arm invests in china loan sector { February 24 2004 } World bank free markets causing hunger in niger { August 11 2005 } World bank join wto World bank project in uruguay causes uproar in argentina { April 18 2006 } World bank urges private investment { September 28 2004 } Worldbank forced african farmers subsidized goods { December 9 2007 } Worldbank future Files Listed: 57

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