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Wednesday, June 01, 2005

Wolfowitz takes the World Bank helm

Paul Wolfowitz was officially hired today, and he is naming Africa his highest priority:

“Africa has a dependence and need for the bank that stands out among all the many people who need what this bank has to offer” said Wolfowitz, acknowledging he still had lots to learn.

He said the bank’s role in Africa was especially important given that a dozen or so countries were growing at unprecedented rates of 5 percent annually.

Adding he was “cautiously hopeful,” Wolfowitz said, “There is a long, long way to go but I would find nothing more satisfying than, at the end of my tenure at this institution, to feel that we have played a part in what hopefully could be a period when Africa went from a continent of despair, to a continent of hope.”

Posted on June 1, 2005 06:43 AM. Permalink