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World Bank Oversight Board Calls on Wolfowitz to Resign

HeadlineApr 24, 2007

Paul Wolfowitz has received a new setback in his fight to keep his job at the helm of the World Bank. The Financial Times is reporting the World Bank’s independent oversight agency has asked for Wolfowitz’s immediate resignation. Wolfowitz has been at the center of controversy after it was exposed he ordered a major pay increase and promotion for his longtime companion, Shaha Riza. In a memo, the Independent Evaluation Group said Wolfowitz’s continued tenure would cause the bank “irreparable harm.” The call comes just days after a group of 42 former World Bank executives also urged Wolfowitz to step down.

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