April 15, 2005 |
The United States and its key allies working to forge Mideast peace appointed outgoing World Bank President James D. Wolfensohn on Thursday as a special envoy to help coordinate Israel's withdrawal from the Gaza Strip and assist the Palestinians in rebuilding the strife-torn area. In making the announcement, Secretary of State Condoleezza Rice said the Australian-born former investment banker would begin work June 1, the day after his 10-year tenure as head of the World Bank ends.
June 2, 1995 |
James Wolfensohn took the helm of the World Bank on Thursday and immediately went on the offensive, saying it would be shortsighted of Congress to chop funding for the lending institution that assists the world's poorest countries. At a packed inaugural news conference, the former Wall Street financier defended the institution and particularly its International Development Assn. arm, which has come under scrutiny by Republican lawmakers looking for ways to cut spending.
July 13, 1988
Paul A. Volcker, former chairman of the Federal Reserve System, has been elected to the board of Prudential Insurance Co., Newark, N.J. Volcker, 60, joins the company's 24-member board for a four-year term. Volcker is chairman of James D. Wolfensohn, an investment banking firm in New York City.
June 15, 1990 |
Looking to create what he calls a "seventh stage" at the Kennedy Center, Chairman James D. Wolfensohn has tapped cable television executive Carolyn Reynolds for the new position of director of television and special projects. Reynolds, 45, is director of programming at the Arts & Entertainment Network. Aside from seeking material suitable for broadcast, she will handle projects such as the Texas Festival in June, 1991, and the Festival of the Americas in 1992.
July 29, 2004 |
Moderate and extreme poverty in Mexico dropped from 2000 to 2002, though it remains one of the country's principal challenges, according to a World Bank report. Extreme poverty fell from 24.2% of the population in 2000 to 20.3% in 2002, indicating that 3.1 million Mexicans had left the ranks of those living on less than $1 per day. "No one in the bank, and I believe no one in your government, is declaring a victory on the question of poverty," World Bank President James D.
March 12, 1995 |
President Clinton on Saturday recommended investment banker James D. Wolfensohn to be president of the World Bank, an international lending institution whose effectiveness at fighting poverty is under review. The recommendation will be presented to the bank's board of directors, which traditionally ratifies the United States' choice. The Australian-born Wolfensohn heads his own New York investment firm and is chairman of the John F. Kennedy Center for the Performing Arts in Washington.