(World Bank) Staff Association Reaction to Board Statement

[spindrifter]

The staff of the bank are angry and rightly so. Here is the official reaction of the staff association to the board announcement:


May 17, 2007

The staff of the bank are angry and rightly so. Here is the official reaction of the staff association to the board announcement:


Welcome though it is, the President’s resignation is not acceptable under the present arrangement. It completely undermines the principles of good governance and the principles that the staff fight to uphold. Staff of the WBG, Board of Governors, Executive Directors and staff cannot rebuild an institution’s reputation under such an agreement.

The staff of the World Bank have waited – patiently – for nearly six weeks, trusting that the Board of Directors would reach a solution that reflects the Development Committee's statement of April 15th. In this statement, the Board of Governors charged the Executive Directors "to ensure that the Bank can effectively carry out its mandate and maintain its credibility and reputation as well as the motivation of its staff." Given the comprehensive report by the Ad Hoc Group (on May 14, 2007), we are shocked by the statement from the Board today which represents a full reversal of their own findings and fails to meet the fiduciary responsibility placed on them by the Bank's Governors.

If the Board’s decision cannot be reversed, then we ask the Board to ensure that between now and June 30 th , the following measures are implemented immediately:

<more>

http://www.worldbankpresident.org/archives/000749.php

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Incidentally, Mr. Wolfowitz is apparently staying on into June in order to receive the $400,000 bonus he was to receive if he was President of the World Bank for two years. This was arranged well before the sh*t hit the fan over Rizagate.