The latter half of 2005 appears to be a challenging one. The transition period at 2 of the most powerful global institutions has predictably been o­ne of manipulation and power play. <p.The World Bank saw the exit of James Wolfensohn and the entry of Paul Wolfowitz - a move likely to result in little change in the Bank's focus. The statement o­n the end of the Wolfensohn era underlines the fact that despite some savvy PR exercises the Bank demonstrated an unshakeable commitment to its core ideology of pushing privatisation, liberalisation and de-regulation o­n developing countries. The open letter serves a warning to Paul Wolfowitz that his tenure will be closely watched by hundreds of groups across the world.