Paul Wolfowitz lands top job as World Bank President

The Executive Board of the World Bank confirmed on Friday that former US Deputy Secretary of Defense Paul Wolfowitz had landed the top job of Bank President. The Executive Board of the World Bank confirmed on Friday that former US Deputy Secretary of Defense Paul Wolfowitz had landed the top job of Bank President.

The Bush administration appointee will take over the giant anti-poverty institution from outgoing President James Wolfensohn on June 1 for a five year term.

His nomination two weeks ago sparked controversy among European Union leaders and activists, drawing on Wolfowitz’s central role in advocating and organizing the invasion of Iraq.

A statement from the Bank said that EU leaders had backed the nomination, after he promised to work closely with Europe and launch a plan against global poverty.

Following a marathon session with Europe’s development and finance ministers, the EU has also pushed for one of his deputies to be European and his role independent of the US Government.

“Yesterday, in Brussels, I had discussions on the Bank’s future with the Development Ministers from Denmark, Germany, the Netherlands, Norway, Sweden and