22 April 2007
In a letter to the Financial Times, over 40 former senior managers call Wolfowitz's resignation a "regrettable but essential step".
The institution must preserve its "moral authority" to fight poverty, the authors wrote. "Mr. Wolfowitz says he believes in the mission of the Bank and wishes to continue. We believe that he can no longer be an effective leader. He has lost the trust and respect of Bank staff at all levels, provoked a rift among senior managers, developed tense relations with the Board, damaged his own credibility on good governance –his flagship issue, and alienated some key shareholders at a time when their support is essential for a successful replenishment of the resources needed to help the poorest countries, especially in Africa," they conclude.
Read the April 22 letter to the Financial Times.