World Bank President Paul Wolfowitz pleaded for a second chance and offered to dump his gaggle of advisers who followed him to the Bank from the Bush administration.
But senior officials report to me that the damage is too deep at this point and that there is no conceivable strategy of helping the Bank return to a credible position without a complete shift in management.
Every account I have thus far from those close to Bank Executive Directors report that a deal is now being negotiated for Wolfowitz to resign, but in a “face-saving way.” The deal should be completed by this evening.
More soon.
— Steve Clemons
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