A Wolf In Sheep's Clothing
October, 2005
The World Bank isn't really a bank. You can't get an account or a loan there unless you are a country. But not every country qualifies—you must be a poor country. In that sense the designation world bank is a misnomer. It also isn't the world's bank in other important ways. The United States, the bank's major shareholder, customarily appoints its all-powerful chief executive officer, most recently naming Paul Wolfowitz, former deputy secretary of defense, to the post. And the U.S. Treasury, Stat...
