President Bush's appointment of Paul Wolfowitz to head the World Bank has alarmed many at the United Nations and other organizations directly involved with aid to third world countries.
In the words of the New York Times editorial: " ... the choice of Mr. Wolfowitz is a slap at the international community, which widely deplored the the invasion and the snubbing of the United Nations that accompanied it. ... The capacity of the World Bank to do good is enormous. ... Its decisions can mean life or death for hundreds of millions of people. As a development organization, it lends money to cure market failures, financing projects whose returns would not attract other lenders."
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