who will be next World Bank President What will they do


World Bank Committee Finds Ethics Breach by Wolfowitz... The Ad Hoc committee investigating the Wolfowitz-Riza Affair has almost finished its work, the Washington Post reports this morning. According to three sources cited by the paper, the only remaining point of debate is whether the committee will explicitly recommend that Wolfowitz resigns.

The article says:

"A World Bank committee investigating president Paul D. Wolfowitz has nearly completed a report that it plans to give the institution's governing board, concluding that he breached ethics rules when he engineered a pay raise for his girlfriend, three senior bank officials said Friday."

The missing final piece:

"Friday evening, the committee was debating whether to explicitly recommend that Wolfowitz resign, according to the sources, who spoke on condition they not be named, citing an ongoing probe into leaks"

3 areas of violations:

"A draft of the report reviewed by the committee late Friday declared Wolfowitz had violated World Bank regulations in three areas: breach of contract, breach of ethics rules and undermining the reputation of the bank"

More may come:

"One source said that if Wolfowitz refuses to relinquish his post, the committee could take further action against him. While this report deals only with his handling of the pay raise for Riza, the source said, the committee is prepared to investigate a range of other alleged breaches of ethics and internal governance rules, including contracts for his senior staff."


More is expected from the board on Monday also about the controversial bank strategy on health, nutrition and population which has been manipulated by Juan Jose Daboub, a conservative Christian whom Wolfowitz appointed managing director at the bank.

A Washington source ~ April 28, 2007


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