who will be next World Bank President What will they do


Wolfowitz' contract. Here is a copy of Wolfowitz' employment contract (PDF) with the World Bank Group. The contract is now a subject for the board of executive directors' expanded inquiry into the Shaha affair.

Among other clauses that seem relevant:
3. You will adhere to the standards set forth in the Code of Conduct for Board Officials (the Code). You will also be expected to observe the standards of ethical c:onduct applicable to staff members of the Bank, where these reflect a stricter standard.

3d. Conflict of Interest. It is understood further that you will avoid any conflict of
interest, real or apparent.

And three clauses which may become relevant right now.

Clause 7. End of service. Although you have been appointed for a term of five years, the Executive Directors may terminate your contract with the Bank in accordance with Article V, Section 5(a) of the Articles of Agreement.

Clause 8, on Termination Allowance.

Clause 9 on Retirement Benefits.

A Washington source ~ April 25, 2007

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Hot blogging on the World Bank president.
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Card wants Snow.
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Recent Rumours

Zoellick bearhug photo.
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An opportunity at the World Bank
UPI: Wolfowitz Replacement This Week
UK involvement in the Foundation for the Future.


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