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IMF

Setback for Wolfowitz on anti-graft plan

By Chris Giles and Krishna Guha in Singapore,

Published: September 18 2006 15:13 | Last updated: September 18 2006 15:13

Paul Wolfowitz, the World Bank president, suffered a setback on Monday when the Bank’s shareholder governments insisted that they would have the final say on implementing his flagship anti-corruption strategy.

The decision by the Development Committee, the World Bank’s governing body, is a victory for European states and developing countries anxious to ensure that the policy is not applied in an arbitrary fashion by the Bank’s management.

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