Peter Costello

Media Releases

Nomination of Dr Paul Wolfowitz for World Bank President



The Treasurer today welcomed the nomination of Dr Paul Wolfowitz for the position of World Bank President. Dr Paul Wolfowitz is currently the US Deputy Secretary for Defense.

‘Dr Wolfowitz has the leadership qualities, management skills and diplomatic experience necessary to head an institution at the forefront of efforts to tackle global poverty,’ the Treasurer said.

‘Dr Wolfowitz has spent 24 years in government service under six Presidents. He is familiar with our region, including having spent three years as US Ambassador to Indonesia in the late 1980s and three-and-a-half years as Assistant Secretary of State for East Asian and Pacific Affairs.

‘His extensive public service, diplomatic and academic background and his track record of managing large organisations mean that he is well placed to ensure that the Bank continues to play a key role in leading and shaping the international development agenda.

‘I would also like to take this opportunity to congratulate the outgoing President, James Wolfensohn for his passion, energy and many successes during his tenure as World Bank President.

‘As the first Australian born President of the World Bank, Mr Wolfensohn’s accomplishments are something of which all Australians can be proud.’

18 March 2005

Contact: David Alexander
02 6277 7340

18 Mar 2005

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