World Bank President Paul Wolfowitz (Xinhua/Reuters Photo)

    WASHINGTON, May 14 (Xinhua) -- The World Bank executive board will meet with World Bank President Paul Wolfowitz on Tuesday to decide his future, the bank said in a statement on Monday.

    "The executive directors have this afternoon received the second report of the ad hoc group...They will meet with Mr. Wolfowitz at 5: 00 p.m. (2200 GMT) on Tuesday as part of their deliberation on the report," said the statement.

    The report, released by a special panel earlier Monday, concluded there was a conflict of interest in Wolfowitz's involvement in granting a new job and pay package to his girlfriend.

    "He should have withdrawn from any decision-making in the matter," said the report, adding the informal advice provided by the World Bank ethics committee was not a model of clarity.

    The panel recommended the bank's 24-member board to "consider whether Mr. 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."

    However, Wolfowitz responded immediately on Monday that the report was unfair and unwarranted.

    "It is highly unfair and unwarranted to now find that I engaged in a conflict of interest because I relied on the advice of the ethics committee as best I understood it," he said.

    The American media said he is scheduled to make an appearance before the board late Tuesday.

    Wolfowitz has been under fire for his involvement in a pay raise and promotion for his girlfriend Shaha Riza, a bank employee. The bank president has admitted granting Shaha Riza the pay raise and promotion on advice from an ethics board at the bank.

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Paul Wolfowitz and his close female friend Shaha Riza(File Photo)

Report: World Bank may vote no confidence in Wolfowitz

    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    

Uncertainty grows over Wolfowitz's future

    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

Former World Bank ethics body chief says Wolfowitz lied at hearing

    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

Report: Wolfowitz weighs quitting if cleared of wrong doing

    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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