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WASHINGTON (AP) - World Bank President Paul Wolfowitz is waging a vigorous fight to keep running the institution amid findings that he broke bank rules in arranging a hefty pay package for his girlfriend.
Wolfowitz, who maintains that he acted in good faith, will try to defend himself before the bank's 24-member board late Tuesday. The board, whose proceedings are carried out behind closed doors, ultimately will decide what actions to take against him.
Board members have discussed a range of disciplinary options. It could fire Wolfowitz, ask him to resign, signal that it lacks confidence in his leadership or reprimand him. Board members have been leaning toward an expression of no confidence or other tough language that would make it difficult — if not impossible — for Wolfowitz to stay on.
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