World Bank President Paul Wolfowitz
(Xinhua/Reuters Photo)
WASHINGTON, May 14 (Xinhua) -- World Bank President Paul D. Wolfowitz broke ethics rules
in engineering a hefty pay raise for his girlfriend, a panel report released
said Monday.
The panel recommended that the World Bank's 24-member board decide "whether Wolfowitz will be able to provide the leadership needed to ensure that the bank continues to operate to the fullest extent possible in achieving its mandate."
The report also concluded that Wolfowitz "engaged in a de facto conflict of interest."
The panel will meet with Wolfowitz at 5:00 p.m. (1200 GMT) Tuesday to decide the leader's future, the bank said in a statement Monday.
Wolfowitz has been under fire for his involvement in a pay-and-promotion package for his girlfriend Shaha Riza, a former bank employee. The bank president has admitted granting Riza the package on advice from an ethics board at the bank.
Wolfowitz, former U.S. deputy defense secretary, was completing a written response to the accusations against him, and a no-confidence vote could come soon after, the bank officials said.
Though prominent officials from Europe to Latin America have publicly called on Wolfowitz to resign, a decisive vote would break sharply with the bank's consensus-minded culture, while presenting difficult questions over the procedure of appointing its president.
Never in the six decades of the World Bank's existence has the board removed the institution's leader, who, by tradition, is selected by the president of the United States, the bank's largest shareholder. Related:
Paul Wolfowitz and his close female
friend Shaha Riza(File Photo)
WASHINGTON, May 12 (Xinhua) -- The World Bank
executive board has concluded that the bank's president, Paul D. Wolfowitz,
broke ethics rules in engineering a hefty pay raise for his girlfriend, and
plans to try to end his tenure next week, The Washington Post reported Saturday.
Board members do not want to vote to fire Wolfowitz
since that might provoke a rupture with the bank's largest shareholder, the
United States, senior bank officials were quoted as saying. Full
story
WASHINGTON, May 8 (Xinhua) -- A special World Bank
has panel found that Paul Wolfowitz breached ethics rules when he used his
position as president to secure a generous compensation package for his
girlfriend, The Wall Street Journal reported Tuesday.
The determination after a month-long inquiry
increased the chances that the bank's board might reprimand Wolfowitz or even
call for his ousting, according to the Journal.Full story
BRUSSELS, May 2 (Xinhua) -- World Bank President Paul
Wolfowitz lied at a hearing on Monday when he said a bank ethics panel had
advised him to give his girlfriend a promotion, the Dutch news agency ANP
reported Wednesday.
Ad Melkert, chairman of the ethics committee at the
World Bank at the time, told a Dutch TV program Tuesday that Wolfowitz
"certainly did not tell the truth," ANP said. Full story
WASHINGTON, May 1 (Xinhua) -- World Bank President Paul
Wolfowitz may consider resigning, but only if he is cleared of any wrongdoing in
securing a promotion and pay raise for his girlfriend, The Wall Street Journal
reported Tuesday.
Calling accusations against him a "smear campaign,"
Wolfowitz denied any wrong doing. He previously insisted that he would not
resign. Full story
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