US has tough task to heal rift over Wolfowitz

(Reuters) - A day after Paul Wolfowitz resigned as World Bank president under an ethics cloud, the United States faced the tough task of healing rifts with Europeans and satisfying calls that his successor be picked on merit, not just nationality.

Wolfowitz's resignation on Thursday followed pressure by European opponents who said his handling of a high-paying promotion for his companion damaged the institution's credibility. Bank staff complained the crisis had undermined their mission of fighting poverty in developing countries.


Read more at Reuters Africa

UPDATE 1-Wolfowitz row seen hurting Africa anti-graft drive

(Reuters) - DAKAR, May 18 - The World Bank has roared against
corruption in Africa for years but its credibility has been
badly mauled by the favouritism scandal that sent the bank's
U.S. chief Paul Wolfowitz limping off into retirement.




Governments in Africa, whose reputation for corruption goes
hand in hand with its status as the world's poorest continent,
had grown used to being lectured by World Bank delegations, some
headed by "Wolfie" himself, about good governance and
transparency.


Read more at Reuters.com Bonds News