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World Bank Panel Rules Wolfowitz Broke Bank Rules

HeadlineMay 08, 2007

Pressure is increasing on Paul Wolfowitz to resign as head of the World Bank. A high-level World Bank ethics panel has determined that Wolfowitz broke bank rules by arranging a pay package and promotion for his girlfriend. On Monday, one of Wolfowitz’s closest aides, Kevin Kellems, resigned. The New York Times reports European governments are trying to reach a deal with the Bush administration where Wolfowitz would soon resign and the U.S. would be allowed to pick the bank’s next chief.

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