Bush has nominated Deputy Defense Secretary Paul Wolfowitz to be the new president of the World Bank. I don't think I can put it better than the Washington Post did, so I won't try:
"Wolfowitz is energetically reaching out to his critics in the hope of persuading them that he would do a lot better at heading the bank than they might think. He appears to be making progress. But as the neoconservative hawk best known as the brains behind the war in Iraq, he has his job cut out for him.
Since the announcement Wednesday, Bush's choice of Wolfowitz has drawn opposition from many quarters, mostly focusing on the fear that the move marked a plan to use the World Bank's antipoverty aid to reward Washington's friends, punish its enemies and advance the Bush administration's ideological agenda, especially in the Middle East. The bank lends about $20 billion a year to developing countries for projects ranging from roads to schools to HIV/AIDS programs."
Link to full article;
link to Reuters article on the EU's lukewarm reaction;
link to Wikipedia's Wolfowitz entry.
