who will be next World Bank President What will they do


UPDATE:Board committee finds Wolfowitz has broken rules. According to the New York Times, the Ad hoc Panel has found Wolfowitz to be guilty of conflict of interest in arranging Riza's salary raise and promotion and to have broken rules in arranging her transfer to the State Department.

The report that was submitted to Wolfowitz overnight, according to the Washington Post, did not include his punishment and today the Panel is working on its recommendations on the actions to be taken before submitting their findings and recommendations to the 24-member board which will decide on the President's future sometime this week. Should Wolfowitz and his lawyer request more time for a rebuttal, the Board may take longer for its decision and votes.

As David Corn said on his blog: "It's anyone's guess what the Bank's board is going to do regarding Wolfowitz's future. They could vote to remove him--or settle on a reprimand or statement of no confidence. But his hard-line defense may have made it tougher for the board to keep him on. If Wolfowitz cannot acknowledge that he engaged in a conflict of interest, how can the board have faith in his judgment?"

Washington Post is saying the following:
Wolfowitz' attorney, Robert Bennett, said his client was being given 48 hours to respond, which he called "unreasonable and unfair," and said they had requested to have until next Monday.

Since "The report was characterized as an exhaustive, 300-page indictment of Wolfowitz's management of the international community's premier anti-poverty institution, according to sources familiar with the document." as reported by the LA Times the legal team must be pouring over every single phrase and references to see if there is a way out.

Will the fact that "there was a recognition in the special panel's report that some of the ethics committee's direction concerning the matter wasn't clear.", as advanced in the same Washington Post's article, impact the decisions of the Board?

The Beaver ~ May 07, 2007

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