Wolfowitz nominated for World Bank

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US Deputy Defence Secretary, Paul Wolfowitz, has been nominated by George W Bush to become the next president of the World Bank.Regarded as a hawkish neo-conservative, the appointment was cooly received in Europe, and saw criticisms from a number of aid agencies who fear a political mission in the appointment.However, despite concerns, US nominations for the World Bank presidency usually go unchallenged, as are European nominations to lead the International Monetary Fund.