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World Bank chief "violated contract" - panel

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World Bank chief "violated contract" - panel


World Bank President Paul Wolfowitz’s handling of a promotion for his girlfriend violated the terms of his contract and constituted a conflict of interest, a bank panel report has found. It also says the organisation’s board, meeting today, should consider whether the American is fit to continue in his role.

Wolfowitz has been under pressure since it emerged he oversaw a promotion and pay rise for Shaha Riza. The panel says he put his own interests before that of the bank. Despite this latest twist in the saga, Washington remains steadfast in its support of Wolfowitz. A US treasury spokeswoman said the panel’s findings did not “merit his dismissal”.

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