Log In

Reset Password

Wolfowitz gets some more time

WASHINGTON (Bloomberg) — World Bank president Paul Wolfowitz, fighting to keep his job, has been given two more days to respond to a finding that he violated ethics rules when he arranged a pay raise for his companion, bank officials said.Wolfowitz will have until May 11 to answer allegations connected with the pay-and-promotion package for his companion, Shaha Riza, said the officials, who spoke on the condition of anonymity. Directors of the Washington-based agency will meet next week to discuss his response, the officials said.

The 24-member board, which answers to the bank's member governments, has the authority to dismiss or reprimand the former US deputy defence secretary. Officials from France and the UK yesterday urged a swift resolution of the crisis, saying it has hobbled Wolfowitz's ability to lead the world's largest development agency.