03-17-2005, 12:31 AM
<!--QuoteBegin-->QUOTE<!--QuoteEBegin-->[In addition to Wolfowitz's strong support for the Iraq war, Steve Radelet, a senior fellow at the Center for Global Development and a former undersecretary at the Treasury, said last week the Europeans were nervous that Wolfowitz would prove similar to former World Bank head and Former Secretary of Defense Robert McNamara.
Radelet said McNamara was accused of channeling aid to nations based not on need but on their support of U.S. policy.
Although not a formal code, traditionally the United States chooses the head of the World Bank while the Europeans pick the head of its sister organization, The International Monetary Fund. Both the U.S. and the Europeans have veto power over each other's choices.
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His appoint may affect India. He will twist India's arm on Indo-Pakis rivers and Dam issues. Lot of funds will be always on limbo based on who support Iraq war. It will be interesting to watch. Pakistan will be showered with goodies, no doubt. He is a hawk and never hesitates to show.
Radelet said McNamara was accused of channeling aid to nations based not on need but on their support of U.S. policy.
Although not a formal code, traditionally the United States chooses the head of the World Bank while the Europeans pick the head of its sister organization, The International Monetary Fund. Both the U.S. and the Europeans have veto power over each other's choices.
<!--QuoteEnd--><!--QuoteEEnd-->
His appoint may affect India. He will twist India's arm on Indo-Pakis rivers and Dam issues. Lot of funds will be always on limbo based on who support Iraq war. It will be interesting to watch. Pakistan will be showered with goodies, no doubt. He is a hawk and never hesitates to show.