WASHINGTON, April 12 (Reuters) - World Bank President Paul Wolfowitz on Thursday said he made "a mistake for which I am sorry" over his handling of a promotion and pay increase for a staff member, Shaha Riza, whom he is dating.

"I proposed to the board that they establish some mechanism to judge whether the agreement reached was a reasonable outcome," Wolfowitz told a news conference. "I will accept any remedies they propose."

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