
More than 40 senior former World Bank officials on Monday called for the immediate resignation of its embattled leader Paul Wolfowitz, saying he had lost trust and respect.
In a letter to the Financial Times, the 42 ex-employees called for change following revelations that the bank8217;s president used his influence to ensure a favourable job and salary for his girlfriend.
8220;We believe that he can no longer be an effective leader,8221; said the letter, which was signed by staff.
8220;He has lost the trust and respect of bank staff at all levels, provoked a rift among senior managers, developed tense relations with the board, damaged his own credibility on good governance8212;his flagship issue8212;and alienated some key shareholders at a time when their support is essential for a successful replenishment of the resources needed to help the poorest countries, especially in Africa.8221;
The letter concluded: 8220;There is only one way for Wolfowitz to further the mission of the bank: he should resign.8221;
In an accompanying editorial the business daily backed the former staff8217;s concerns.
8220;If Paul Wolfowitz remains head of the World Bank, he will preside over a rudderless hulk,8221; the leader said.8220;That is today8217;s inconvenient truth. The US has always had the prerogative of nominating the president of the bank. But this privilege carries with it a big responsibility. Exercising that responsibility now requires acceptance of an immediate change in the bank8217;s top leadership.8221;