Wolfowitz of the World Bank

Paul Wolfowitz, former Deputy Secretary of Defense and now President of the World Bank, was outraged and cut debt relief when the President of Congo-Brazzaville spent more than three hundred thousand dollars on hotel rooms during a visit to New York for a U.N. General Assembly session.

Now it turns out that

Paul Wolfowitz personally directed the World Bank’s head of human resources to offer Shaha Riza, a bank official with whom he was romantically involved, a large pay rise and a promotion as part of an external secondment package, according to two sources who saw a memorandum written by the bank president.

The memorandum, which according to two sources was dated August 11 2005, specifies in detail the terms that Xavier Coll, the World Bank’s vice-president for human resources, should offer to Ms Riza, who was subsequently seconded to the US State Department.

The memorandum sets out the salary that Ms Riza is to be paid, the arrangements for her promotion, and the basis on which her subsequent annual pay increases are to be calculated. […]

News reports unchallenged by the bank put Ms Riza’s current salary, which is paid by the World Bank, at $193,000 free of tax.

Source: Financial Times. More on BBC.

Can we still look forward to future speeches by Paul Wolfowitz lambasting African presidents for corruption and nepotism?

Update: Financial Times editorial here.

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One thought on “Wolfowitz of the World Bank

  1. AMAZING – JUST AMAZING

    I CAN’T SEEM TO FIND THIS ON CNN. MAYBE AFTER THE IMUS FLAP BLOWS OVER, AND THE ANNA NICOLE SMITH THING BLOW OVER. I’LL WAIT OVER HERE.

    DAMN THIS MAKES ME SO ANGRY

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