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General News 10/14/2008 at 3:28 PM EDT

US surrenders power to appoint World Bank president

Quicklink Submitted By Sheila Samples No comments

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Developing countries have grown increasingly frustrated at the stranglehold of rich nations on the two Washington-based multilateral bodies, with pressure for change accelerating after the controversial presidency of Paul Wolfowitz, who was forced to step down after a scandal involving his partner's promotion.

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At www.guardian.co.uk

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Sheila Samples is an Oklahoma writer and a former civilian US Army Public Information Officer. She is a Managing Editor for OpEd News, and a regular contributor for a variety of Internet sites.

Related Topic(s): Banking; Banking Crisis; Scandal; Wolfowitz; World Bank, Add Tags

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