During his tenure from 1995 May 2005, the former investment banker was committed to the fight against poverty and corruption.
Former World Bank President James Wolfensohn died at the age of 86, the World Bank announced on Wednesday (local time).
During his tenure from June 1995 to May 2005, the former investment banker was committed to the fight against poverty and corruption. Wolfensohn had been nominated by then US President Bill Clinton.
Born in Australia, he became a US citizen in 1980. At the head of the World Bank, he started an initiative together with the International Monetary Fund (IMF) for the heavily indebted poor countries (Heavily Indebted Poor Countries Initiative). The program brought about $ 53 billion in debt relief for the 27 poorest countries in the world.
