A Wolfie 'Exit Strategy.' Finally.

Bloody good news: World Bank officials are preparing an "exit strategy" for Paul Wolfowitz, according to ABC's Brian Ross.

Bloody bad news: The exit is Wolfie's own departure from the World Bank battleground and not the desperately needed strategy for exiting the Iraq debacle for which he was chief architect.

If worldbankpresident.org weren't suspiciously down (it may be back up by the time you read this), you could get all the details about this on that eminent site. You'll have to settle for Brian Ross, who's somewhat of a watchdog himself.

Ross's report shrewdly notes that Wolfie was likely to step down this afternoon because he was planning a trip to Europe on bank business. Others have already reported that he's no longer welcome at that European confab as a representative of the bank.

Here's what Ross wrote:

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.

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