As expected, Robert Zoellick won the approval of the World Bank board to replace Paul Wolfowitz as the head of the funding institution. “In coming to their decision, the executive directors considered that Mr. Zoellick brings to the bank presidency strong leadership and managerial qualities as well as a proven track record in international affairs and the drive required to enhance the credibility and effectiveness of the bank,” the board said. Following the board’s announcement, Zoellick declared readiness “to get to work.” He further remarked: “The world has changed enormously since the creation of the bank some 60 years ago. This accomplished institution of development, reconstruction and finance not only needs to adapt: it must lead the way.”
German Development Minister Heidemarie Wieczorek-Zeul, one of the World Bank governors who called for the resignation of Wolfowitz amid the pay-and-promotion package scandal involving his girlfriend, applauded Zoellick’s appointment. “He brings all of the qualifications with him needed to successfully fill this demanding and responsible role … I look forward to cooperating with him and wish him much success.” Jeremy Hobbs of Oxfam International meanwhile urged Zoellick “to begin a series of reforms in his first 100 days to create a new deal between the bank and the world’s poor.” The bank, he insisted, “can’t continue with business as usual.”
Zoellick will officially begin his work as new World Bank chief on July 1.
Sources:
Zoellick OK’d as next World Bank chief (The Associated Press0
Zoellick confirmed as World Bank chief (Guardian Unlimited)
World Bank approves Zoellick (Financial Times)
Zoellick unanimously approved as World Bank chief (Reuters)
