| March 8, 2009 | - The World Bank said that the global economy would shrink in 2009 for the first time since World War II.
| Source:
New York Times
|
| May 15, 2007 | -
Paul Wolfowitz announced that he would resign as president of the World Bank on June 30; the Bank in turn said that it accepted Wolfowitz's assurances that he had acted “in good faith” when he oversaw a promotion for his girlfriend Shaha Riza.
| Source 1:
Fin24
Source 2:
MSNBC
Source 3:
The Guardian
|
| May 7, 2007 | -
World Bank President Paul Wolfowitz, who arranged a promotion for his companion, Shaha Ali Riza, in 2005, was found by a committee of directors to have had a conflict of interest, and his top communications aide quit. According to Bank officials, “devastating” documents showed that Wolfowitz had known at the time that the promotion might be seen as unethical. Some European countries allegedly threatened to reduce contributions to the Bank if Wolfowitz did not step down.
| Source 1:
NYT
Source 2:
IHT
Source 3:
NYT
|
| March 22, 2006 | - It was reported that the World Bank's plan to privatize water supplies in impoverished nations had largely failed. Of the $25 billion invested in clean water, only 1 percent had reached sub-Saharan Africa, and much of the money had gone to providing clean water to the wealthy.
| Source:
The Guardian
|
| March 31, 2005 | -
Paul Wolfowitz was confirmed as head of the World Bank.
| Source:
The Hindu
|
| March 16, 2005 | -
George W. Bush recommended Paul Wolfowitz to head the World Bank, describing him as a “compassionate, decent man.”
| Source:
The New York Times
|
| July 13, 2004 | - The United Nations estimated that southern Africa will have 50 million AIDS orphans by 2010, and the World Bank reported that only 700,000 orphans receive support from AIDS resources.
| Source:
New Scientist
|
| March 17, 2004 | - The president of the World Bank was splattered with green paint by antiglobalization protesters.
| Source:
Reuters
|
| September 17, 2003 | - The World Bank declared that Middle Eastern women are a "huge, untapped" resource.
| Source:
New York Times
|
| December 25, 2001 | -
The World Bank said that rebuilding Afghanistan would cost $10 billion; the Bush Administration said that somebody else would have to pay that bill.
| |
| October 10, 2000 | - Hippies threw smoke bombs at police in Amsterdam outside a conference attended by the president of the World Bank.
| |
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