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For Immediate Release
Office of the Press Secretary
March 31, 2005

Statement on Paul Wolfowitz as New President of the World Bank

President Bush today congratulates Paul Wolfowitz on being selected as the next President of the World Bank. The President looks forward to working with President-designate Wolfowitz and World Bank member countries to advance the fight against global poverty, promote development, and meet the International Development Goals of the Millennium Declaration. The Mission of the World Bank is of vital importance to our country and the world, as this year's focus on development and accelerating action in Africa by the G-8 and the U.N. highlights.

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