Wolfowitz to Resign This Afternoon?
May 16, 2007 12:42 PM

Brian Ross and Kirit Radia Report:

World Bank officials say the bank's board is completing an "exit strategy" that will allow World Bank President Paul Wolfowitz to resign this afternoon and "still save some face" over the issue of his efforts to seek a promotion and pay raise for his girlfriend at the bank.

The officials say the bank's board will accept Wolfowitz's resignation but will also acknowledge that the World Bank's Ethics Committee bears "some responsibility" for giving him bad advice on the issue of his girlfriend.

The decision is likely today, officials say, because Wolfowitz had been scheduled to leave tonight for a European trip.