World Bank Managing Director: Debacle Bank's "Biggest Crisis In Its History"

The New York Times STEVEN R. WEISMAN April 24, 2007 10:32 PM

At a meeting between Paul D. Wolfowitz and his top managers at the World Bank last week, Mr. Wolfowitz made an unusual confession. "I understand that I've lost a lot of trust, and I want to build that trust back up," he said, according to people present.

But the beleaguered bank president was immediately confronted by one of his top deputies, who asserted that Mr. Wolfowitz was wrong to think that the furor over his leadership sprang only from his handling of the pay and promotion for his companion or from unease over his support of the Iraq war while at the Pentagon.

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World Bank committee rejects Wolfowitz hearing