World Bank: Bush To Nominate Robert Zoellick To Replace Paul Wolfowitz
Published by Staff May 29th, 2007 in World.
A senior administration official says President Bush will nominate former Deputy Secretary of State Robert Zoellick to be the new president of the World Bank. Zoellick had also served as U.S. Trade Representative.
Zoellick’s nomination follows the resignation of the current bank president, Paul Wolfowitz, who was enveloped in a scandal over his role in arranging a promotion and pay raise for his girlfriend, who is a bank employee.
Wolfowitz is scheduled to leave the bank at the end of June.
Some nations, including Australia, argue that the tradition of having an American serve as World Bank president should be replaced with an open selection process.
Source: VOA
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