Nigeria

Former World Bank president James Wolfensohn dies aged 86

A Nigerian newspaper and Online version of the Vanguard, a daily publication in Nigeria covering Nigeria news, Niger delta, general national news, politics, business, energy, sports, entertainment, fashion,lifestyle human interest stories, etc

James Wolfensohn

James Wolfensohn, an investment banker who helped straighten out the finances of major American cultural institutions and served as president of the World Bank, died Wednesday at the age of 86.

World Bank Group President David Malpas paid tribute, saying that Wolfensohn “sharpened its focus on poverty reduction and redoubled its efforts to combat corruption, give voice to the poor, and magnify the impact of development investments.”

“Jim transformed the World Bank Group, increasing decentralization, advancing the Bank technologically, and making the organization more open and transparent,” Malpas said.

IMF Managing Director Kristalina Georgieva hailed Wolfensohn’s “lifelong commitment… to fight poverty with passion and professionalism.”

“He was a brilliant financier, a generous philanthropist and, above all, a great humanitarian who always put people first,” she said.

Wolfensohn also served as chairman of the Boards of Carnegie Hall and the John F. Kennedy Center for the Performing Arts.

The Institute for Advanced Study described him as “a global champion of human rights, economic justice, scholarship, and the arts.”

Wolfensohn was born in Sydney, Australia and was a veteran of the Royal Australian Air Force and a member of the 1956 Australian Olympic fencing team.

He worked as a lawyer at an Australian law firm and went on to earn an MBA from Harvard University in 1959.

Wolfensohn, who became a naturalized US citizen in 1980, died at his home in Manhattan.

[AFP]

Vanguard News Nigeria


Football news:

Real Madrid coach Bettoni about 4-1 with Alaves: A well-deserved win. Zidane is very happy with the game
Benzema is about 4:1 with alavesa: a Good game is important for confidence. After a tough week, Real Madrid are on the right track
Cheltenham scored against Man City after an out - in the best tradition of Rory Delap. Throw the ball to 30 meters helped the towel
Benzema has scored 15+ goals in 10 of his 12 seasons at Real Madrid
Ibrahimovic-Zapate: I've scored more goals than you've played in your career
Pep Guardiola: Foden should be a Photon, not de Bruyne. There is only one de Bruyne
Bruno on Liverpool's form: Big clubs and players can prove themselves at any time