Paul Wolfowitz’s controversial nomination as World Bank president is overshadowing valedictory verdicts on James Wolfensohn’s 10 years in the role.
Redressing the balance is The World’s Banker, an entertaining review of the Wolfensohn decade written by financial journalist Sebastian Mallaby.
Mallaby praises Wolfensohn’s emphasis on tackling corruption and on debt relief but criticizes the Bank’s lack of focus under Wolfensohn, who favoured a policy of “comprehensiveness” which failed to prioritize key projects country-by-country.
Overall the verdict is positive.
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