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The World Bank Before Singapore: Continuing Crisis

The Wolfowitz agenda

The controversial former United States Deputy Secretary of Defence Paul Wolfowitz succeeded James Wolfensohn as the head of the World Bank in June 2005. It was a change that put a great sense of urgency into the question of what course the world’s most influential financial adviser and financing institution would take. However, Wolfowitz’s first year in office brought no great surprises. Instead of radical changes, the Bank’s agenda was governed by the goal of maintaining continuity, writes Daniela Setton.


Completely in line with the wishes of the large European shareholders, Wolfowitz stresses the role of the Bank in middle-income countries, focuses heavily on Africa, promotes the private sector and does not hold back when it comes to moral declarations on the World Bank’s mission to “fight poverty” ...

... this article was published (free content) in
>>> Issue 3/Aug-Sep 2006.

The EU's Good Governance Agenda in Development / Between Geneva, Singapore and Heiligendamm


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