The World Bank = The CPA.
A big reason why the Eye-Rack war is such a disaster today is because the original Coalition Provisional Authority is such a black hole of political appointees, right-wing ideologues and other grossly incompetent characters that it earned a nickname among the military personnel as "Can't Produce Anything".
The original godfather of the war, former deputy Secretary of Defense Paul Wolfowitz has been appointed to be the head of the World Bank, because, you know, he's the financial genius who predicted the Eye-Rack war can pay for itself with Eye-Rack's oil money. Now the career professionals at that organization are complaining about Wolfowitz running that place into the ground:
WORLD Bank president Paul Wolfowitz faces mounting criticism from directors of the international lending organisation who say he relies on political advisers with little expertise in development while driving away seasoned managers.
Half of the bank's 29 highest-level executives have left since Mr Wolfowitz, the former US deputy defence secretary and an architect of President George Bush's invasion of Iraq, took office in June last year. Among them is Christiaan Poortman, vice-president for the Middle East and a 30-year veteran, who left in September after resisting pressure to speed up lending and adding staff in Iraq.
"It was very sad to see someone of Mr Poortman's calibre leaving," Eckhard Deutscher, one of 24 executive directors who oversee the management of the lender, said. "The bank needs to be very careful not to lose too much of its human capital."
The exodus is damaging the poverty-fighting institution, which provided $US23.6 billion ($A30 billion) last year for projects such as schools and clinics, say directors and observers.
Perhaps it's just as well, the World Bank has done almost nothing to stem the poverty rate around the world. In fact, it might have even increased it.