The President of the World Bank Paul Wolfowitz announced he is not going to give his resignation at a press conference in Washigton on Sunday.

"I believe in the mission of this organization, and I believe I can carry it. This is important work and I intend to continue it," Wolfowitz explained.

Wolfowitz, a former key member of US President Bush's administration and one of the main architects of the war in Iraq, admitted earlier this week to helping his girlfriend, Libyan-born Shaha Riza, to land a top job at the US State Department, paid by the bank.

Wolfowitz apologized for what he called a mistake, but failed to ease concerns among the staff of the bank.

He is still under intense pressure to resign from the bank's employees, with whom he has reportedly clashed on a number of issues, and many board members.

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