Wolfowitz for World Bank, or Wolfensohn's son?

- Central Banking staff
- 04 Mar 2005

Reports this week said Paul Wolfowitz, US deputy secretary of defence, was a leading candidate to replace James Wolfensohn as the president of the World Bank. But the move seems unlikely following comments by Wolfensohn on Thursday 3 March.

Mr Wolfowitz is one of a small number of people being considered for the US nomination, administration insiders said earlier this week.

"Mr. Wolfowitz is no longer part, I think, of the exercise, so I don't think there is any need to comment," Wolfensohn told reporters after meeting European Commission President Jose Manuel Barroso in Brussels on Thursday.

He said his successor should be someone who was passionate about fighting poverty and promoting human development, not just a good manager.

Asked whether Wolfowitz met the criteria, he joked: "I submitted the name of my son and I think they got it mixed up."

"Carly" Carleton Fiorina, the chief executive recently ousted from the top spot at Hewlett-Packard Co, emerged as another strong candidate this week, based on reported comments from a Bush administration official.

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