Writes — Dr. Adil Najam

Mr Paul Wolfowitz, the outgoing World Bank president, has been forced to resign in disgrace.

Technically, his resignation comes because of ‘ethical lapses’ concerning favouritism and financial benefits to his girlfriend, Ms Shaha Ali Riza.

But in reality, this is not just the story of a bad manager reviled by staff and a pariah in his own institution.

This is also the story of an institution that plays with the destiny of hundreds of millions of people around the world, but remains unsure of and unable to shape its own identity.

Wolfowitz should never have been appointed to the job. His tenure as World Bank president has been disastrous.

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NOTES: ABOUT THE WORLD BANK & THE IMF (INTERNATIONAL MONETARY FUND)

The International Monetary Fund (IMF) and World Bank are basically United States controlled entities.

The World Bank is a corrupt organization that furthers the efforts of international bankers to control the economies and fates of whole countries.

“When an IMF mission goes into a country and requires the destruction of social and economic institutions as a condition for lending money – this is very similar to the physical destruction caused by NATO bombing.

The IMF will order the closing down of hospitals, schools and factories. That’s of course more cost effective than bombing those hospitals, schools and factories, as they did in Yugoslavia, but the ultimate result is very similar: the destruction of the country.” – IMF and World Bank: Two Instruments of National Destruction