Reuters AlertNet Lite - EU wants credibility of World Bank "reinstated"

Reuters AlertNet Full site

NEWSDESK

EU wants credibility of World Bank "reinstated"

15 May 2007 14:30:51 GMT
Source: Reuters

BRUSSELS, May 15 (Reuters) - The European Union wants the World Bank's board to take a quick decision on whether President Paul Wolfowitz should step down to restore the global lender's credibility, Germany's Development minister said on Tuesday.

"We need a rapid decision from the board," German Development Minister Heidemarie Wieczorek-Zeul said after EU development ministers discussed the issue.

"All of us development ministers want the integrity and the credibility of the Bank to be maintained and reinstated," she told a news conference.

Wieczorek-Zeul told Wolfowitz at the bank's spring meeting that he should step down voluntarily. She said on Tuesday that she maintained her position.

AlertNet news is provided by

Email this article Send comments

NGO latest

• Catholic Relief Services Urges Congress to Make Food Aid More Effective
CRS - USA

• The UMCOR Hotline for May 08, 2007
UMCOR - USA

• Webby Awards Honor World Vision's Interactive AIDS Experience
WV - USA

• Rich countries must fund clean development to repay 'carbon debt'
Christian Aid - UK

• The UMCOR Hotline for May 01, 2007
UMCOR - USA

MORE >>

Latest news

• EU wants credibility of World Bank "reinstated"

• INTERVIEW-Clean technology bigger than internet-software guru

• FACTBOX-Security developments in Iraq, May 15

• At least 11 killed in Hamas-Fatah fighting

• Kenya pilot took off despite storm warning-Cameroon

MORE >>

Last updated:Tue May 15 14:32:08 2007