I was deeply concerned then, and have become more concerned since, that unless we can deal with the questions of development and the questions of poverty, there's no way that we're going to have a peaceful world for our children.

In 2005 upon stepping down as president of the World Bank he founded Wolfensohn & Company LLC a privately held firm that invests and provides strategic consulting advice to governments and large corporations doing business in emerging market economies. The center examined how to implement scale up and sustain development interventions to solve key development challenges at a national regional and global level and strives to bridge the gap between development theorists and practitioners. In the late 1960s he became a director of Darling's major shareholder J.