Tuesday, June 19, 2007

World Bank: Election of a New President

The Executive Directors of the World Bank announced yesterday that they had received one nomination for the Bank's presidency by the June 15 deadline, that of Robert Zoellick, whose name was presented by the Executive Director representing the United States. Zoellick has been invited to an "informal meeting" with the Executive Directors tomorrow "to discuss key issues of interest to the World Bank Group, including the challenges of development, the World Bank Group’s governance and leadership as well as future strategic directions." The Executive Directors will meet again on June 25 to elect the Bank's next president.