The Bush administration's choice to run the World Bank could be revealed as soon as this week, the White House said Tuesday, according to AP. The United States for several weeks has been scouting candidates to replace Paul Wolfowitz, who will leave the poverty-fighting institution on June 30. «I think we're getting pretty close,» White House press secretary Tony Snow told reporters. President George W. Bush is likely to announce his choice this week, Snow added. Wolfowitz's resignation follows findings by a special bank panel that he broke bank rules when he arranged a hefty compensation package in 2005 . The controversy prompted calls from Europeans, the bank's staff, aid groups, Democratic politicians and others for Wolfowitz to step down. Treasury Secretary Henry Paulson is leading the effort to find a replacement. Bush's selection must be approved by the World Bank's board.
