Nominated by President George Bush, Robert Zoellick has successfully secured the support of the World Bank’s board of directors. The nomination was filed for the post of President of the World Bank. As per the custom, the President is elected by U.S. However, the decision of Bush to choose Paul is now being strongly condemned by everyone.
Robert, 53, who is a former senior trade representative and deputy secretary of state, is currently an executive at Goldman Sachs. He held a meeting with the 24-member board this Wednesday; the board will be making a formal regarding Zoellick on Monday. After the stormy and accused two-year tenure of Paul Wolfowitz, who resigned in May, Robert said that he will make every effort to soothe the conditions.
A senior bank official said, “The board found Zoellick to be somebody who understands the issues and the needs of the bank. It was a very positive meeting from the board’s point of view.” Several European officials want to change the rules for the election of the President now. The tenure of Wolfowitz will end on June 30 and Robert is expected to take on after that.
Source: IHT
