Source AP ©

Swiss finance minister:"World Bank President Paul Wolfowitz should reconsider his battle to stay atop the organization"

Switzerland's finance minister said Thursday that World Bank President Paul Wolfowitz should reconsider his battle to stay atop the organization, but stopped short of calling for his resignation.

Economics Minister Doris Leuthard said Wolfowitz, who is facing allegations that he showed favoritism in arranging a promotion and pay package for his girlfriend, could hurt "the special credibility" of the bank.

"We told Mr. Wolfowitz he should reflect whether he really is still the right person to have as president of this organization, (for) the credibility of the institution," said Leuthard, who recently discussed the matter with representatives of other European countries while in Washington.

Switzerland has a seat on the bank's 24-member executive board, which ultimately will decide what action, if any, to take against Wolfowitz.

A special panel of the bank is investigating whether the former second-ranking official in the U.S. Defense Department violated any bank rules in his handling of the promotion of bank employee Shaha Riza to a high-paying job at the State Department in 2005.

The controversy has prompted calls for Wolfowitz to step down from many of the bank's staff, former World Bank executives and aid groups. They fear the matter has tarnished the reputation of the institution, which is responsible for fighting global poverty, and could hobble efforts to raise billions of dollars for a World Bank program to help poor countries.

They also fear the allegations are hampering Wolfowitz's own anti-corruption program for the institution.

"The staff of the World Bank is also attacking its president, so the functioning of the organization is really in a difficult phase," Leuthard said.

The United States the bank's largest shareholder has expressed confidence in Wolfowitz, while the European Parliament on Wednesday demanded that he step down. Some African and Asian representatives, meanwhile, have indicated support for him.

The Trump administration is looking for a replacement for the American military contingent in the north of Syria. If the United States agrees with Saudi Arabia, the situation in the south of the country will become a lot more intense as Iran and Israel stand on the brink of war

Iran strongly determined to fight for Golan Heights
Comments
George W. Bush, who saw Putin's soul in 2001, says what US attitude to Russia should be like
Unexploded Western missiles in Russia's hands: Russian air defenses to get even better
Russia refuses to transport NATO's military hardware
George W. Bush, who saw Putin's soul in 2001, says what US attitude to Russia should be like
George W. Bush, who saw Putin's soul in 2001, says what US attitude to Russia should be like
George W. Bush, who saw Putin's soul in 2001, says what US attitude to Russia should be like
Iran strongly determined to fight for Golan Heights
Russian stock market, national currency collapse because of US sanctions
Russian stock market, national currency collapse because of US sanctions
Unexploded Western missiles in Russia's hands: Russian air defenses to get even better
Unexploded Western missiles in Russia's hands: Russian air defenses to get even better
Unexploded Western missiles in Russia's hands: Russian air defenses to get even better
Unexploded Western missiles in Russia's hands: Russian air defenses to get even better
Turkey withdraws its gold from USA
Turkey withdraws its gold from USA
The Geo-political board game: Predicting the next move
Putin must sue UK because of Skripal case lies
USA's 'stupid missiles' ensure major victories for Russia on many fronts
Unexploded Western missiles in Russia's hands: Russian air defenses to get even better
Yulia Skripal received toxic chemical injection while in a coma, Russian embassy officials say
USA highly concerned about Russia's cold-blooded silence in response to missile attack on Syria