May 14, 2007

African Countries Slam World Bank President Paul Wolfowitz

Nairobi, May 14 (Prensa Latina) The scandal involving World Bank President Paul Wolfowitz has harmed his capacity to preach against corruption in Africa, according to government officials from the continent.
IMF Admits Rich Do Not Aid Development

Celestin Kabuya, a member of the government and a scholar at the University of Kinshasa in the Democratic Republic of Congo, said this region is disappointed with the corruption scandal involving Wolfowitz.

The board of directors of the World Bank, made up of 24 member countries, will meet on Tuesday to decide on the future of Wolfowitz, who promoted his girlfriend and gave her a pay raise when she was working for the international financial institution.

Those who think corruption is an exclusive African property must reconsider their opinion, Kabuya said.

For his part, Nicaise Moulombi, a member of Gabon"s Economic and Social Advising Council, said that Wolfowitz must resign because the World Bank is used to coming to Africa to imposed good governance models.

Relations between the World Bank and the International Monetary Fund with corrupt governments such as the Mobutu Sese Seko administration in Congo (Kinshasa) rose great skepticism on those institutions" motives and effectiveness.

No comments: