One of the best pieces yet on Zoellick’s time at CSIS and as US trade representative.  Bizarrely, liberal economist Jagdish Bhagwati has accused Zoellick of pushing free trade at the expense of development: “He was using bilateral deals with Chile and Singapore to try to ram through restrictions on the use of capital controls,” Bhagwati says. “I can’t think of a single developmental economist who would say this is a good idea, and it suggests a cavalier interest in developing countries.”

In its section of “l’homme de la semaine” (Man of the week!) of last week’s edition (No 2421), JEUNE AFRIQUE describes the man who will be the next president of the World Bank. I realize that he is just a nominee but I do consider it a “fait accompli” since the buzz about other prospects has died down and the man in question seems to be the de facto candidate. The article, written by Alain Faujas, the Washington-based correspondent of Le Monde, gives a good overview of what we have read in the North American and British media since the announcement. A translated version, graciously provided by a reader, can be read here. However, in the same edition, we have the best part from Sonia Mabrouk who asks the question:”And Shaha in all that ?” Looks like it is splitsville between Shaha and Wolfowitz! According to the writer: “in this terrible business of nepotism, he has lost everything: his job as President, the respect of the majority of his collaborators and even…..the recipient of his undue favours“. Continue reading →

Zoellick started the first leg of his African trip in Ghana on Wednesday. Ghanaian newspapers reported that Zoellick met with the ministers of finance of Ghana, Senegal, Cote d’Ivoire and Burkina Faso and “discussed not countries but regional dimension of projects such as the West African Gas Pipeline“. While in Ghana he also met with vice president Alhaji Aliu Mahama, energy minister John Adda, chairman of the public utilities regulation commission, Kwame Pianim, and with some civil society organisations, “all behind closed doors”. Continue reading →

OK, confession time. I grew up in a World Bank household. My mother started working there when I was two; my father joined the International Finance Corporation when I was four. As a child I heard snippets of conversation about West African travels and poverty around the world. I also picked up talk of “golden handshakes” and benefits such as my own private school education being subsidized by the Bank. At some later point, I hope to capture a lot of these contradictions in a book. At the moment, it’s worthwhile asking whether these benefits and high salaries are necessary for an institution that claims to be about “poverty reduction”. In this article, Wolfowitz’s Golden Parachute, I look at Wolfowitz’s attempt to take these policies to an extreme, and argue that it’s time to end the hypocrisy.

Paul Wolfowitz’s surprising–and seemingly ineffective–character reference for his protégé Scooter Libby, read to a captivated court at Libby’s sentencing hearing, should remind us of the unfinished HR business at the Bank. Nominee Robert Zoellick launches his worldwide listening tour and charm tour, but let’s not forget the housecleaning that everyone’s anticipating to get them, and the post-Wolfowitz Bank, back to work.

Reread Voice of Reason’s May 14 “watch what Shaha Riza and Paul Wolfowitz do, not what they say.” This insightful piece during the drama put some context around Shaha’s career at the Bank. Her contribution was not, ahem, quite as Paul Wolfowitz believed, and would have had the Board believe. His handling of his lover’s career was the incident that helped unravel his deeply flawed presidency.

Shaha is desperately negotiating her return to the Bank now that the conflict of interest–Wolfowitz–is about to be removed.  It’s not finished, though, until the Bank and State complete their investigations into Bank employee Shaha’s jaunt to Iraq, apparently as an employee of defence contractor SAIC.

It now seems that it was apparently Shaha advising Wolfowitz not to resign and how to handle the Board and others so aggressively right up to the end. We always thought it was Robin Cleveland (banished to a broom closet but still very much on Bank premises) but it was just as much Shaha all the way along. Continue reading →