Pressure grows on Wolfowitz to resign
from today's financial times
Published: April 12 2007 19:03 | Last updated: April 12 2007 19:03
Paul Wolfowitz was under pressure to resign as president of the World Bank on Thursday after admitting he was personally involved in securing a large pay rise and promotion for a Bank official with whom he was romantically involved.
The Bank president issued a public apology, saying: “I made a mistake for which I am sorry”.
The apology came after the Financial Times revealed that Mr Wolfowitz ordered the World Bank’s head of human resources to offer Shaha Riza the pay rise and promotion as part of a secondment package.
The instructions were set out in a memorandum dated August 11 2005, according to two sources who have seen the document.
The Bank’s board of directors, who represent its shareholder governments, met in emergency session yesterday to review the findings of their own investigation into the Riza assignment. ....
