The independent agency charged with assessing the effectiveness of the World Bank has issued a searing indictment of Paul Wolfo-witz's leadership, warning that the situation at the bank risks causing "irreparable harm to worldwide efforts in poverty reduction and sustainable development".
In a formal statement seen by the Financial Times, which the bank's board will consider this week, the Independent Evaluation Group called for "swift changesin management and aconcerted effort to restore credibility".
