Sunday, April 15

Wolfie Staying the Course

In a path very well known to Neo-Con detractors, Paul "Master of His Domain" Wolfowitz is not planning on leaving the World Bank, choosing to stay the course. By convention, the Bank President has always been a US citizen, while the Managing Director of the IMF has been a European. Although nominated by the US Government, the World Bank President is subject to confirmation by the Board of Directors. The President serves a term of five years, which may be renewed.

They are looking for an inspection panel member though--unrelated to Wolfie's poor judgment, one suspects.

According to the Beeb
World Bank President Paul Wolfowitz at the press conference
Mr Wolfowitz has been under growing pressure to resign
The embattled World Bank President, Paul Wolfowitz, has indicated he does not plan to resign over a pay scandal.

Mr Wolfowitz told a news conference: "This is important work and I intend to continue it."

He has been under pressure to quit after admitting helping his partner win a promotion and pay rise.

He spoke after World Bank governments described the scandal as a matter of "great concern" but stopped short of asking him to step down.

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