Robert B. Zoellick, nominated by US President Bush to become
president of the World Bank, gained unanimous approval from the
World Bank's board and will take over from Paul Wolfowitz, who was
forced to resign after a favoritism scandal.
The board published a brief statement which read that Zoellick
would bring "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 "are confident that he will address the challenges
facing the Bank, including a successful 15th replenishment of the
International Development Association (IDA), development of a
long-term strategy for the Bank Group and issues related to
corporate governance," said the statement.
Zoellick, 53, held a meeting with the bank's 24-member board on
Wednesday during which he outlined his perspective on the
institution's opportunities and difficulties and pledged to try and
stabilize the bank.
"It is a special honor and responsibility, and I am ready to get
to work," said the former US top trade envoy and No. 2 diplomat in
a statement, shortly after the board's approval.
He said he would draw upon of everyone in the World Bank Group,
including consulting with staff operating on the frontlines of the
bank's development.
"The Bank's board, staff, and many stakeholders know we face
large challenges. We should tackle them with a humility gained
through years of experience," he said.
"This accomplished institution of development, reconstruction,
and finance not only needs to adapt: It must lead the way to
achieving sustainable globalization, founded upon inclusive growth,
opportunity, and respect for personal dignity," he added.
US President George W. Bush also hailed the announcement,
praising Zoellick as "a dynamic leader who is deeply committed to
the mission of the World Bank in helping struggling nations to
defeat poverty, grow their economies, strengthen transparency and
accountability in governance, and offer their people the prospect
of a better life."
He pledged the US would continue its strong partnership with the
development lender as Zoellick guided it in the future.
Tradition dictates that the United States, as the bank's largest
shareholder, names the World Bank chief whilst Europe has the
prerogative to nominate the leader of the International Monetary
Fund.
Zoellick's predecessor, Paul D. Wolfowitz, resigned in May. His
resignation will take effect on Saturday while Zoellick will be
sworn in on Sunday.
(Xinhua News Agency June 26, 2007)
