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Statement on Nomination of Paul Wolfowitz as President

March 31, 2005 - The Bank's Board of Executive Directors today unanimously confirmed the nomination of Paul D. Wolfowitz to be President of the World Bank. Following the Board's decision, Mr. Wolfensohn made the following statement:  

 “I welcome the decision of the Board to appoint Paul Wolfowitz as the next President of the World Bank Group. He is a friend, and I know him to be a person of immense talent and high intellect. He will be an extremely dedicated and strong leader of the Bank. Paul has a long and respected background in academia, diplomacy and international affairs, and his work in the developing world has afforded him a deep understanding of the many challenges of development.  He knows what a remarkable institution this is, he appreciates its outstanding team of development professionals, and I know he will bring continuity to its programs and its mission of fighting poverty. I will make every effort to ensure that our transition period is successful, so Paul can hit the ground running on June 1.” 

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