Zoellick Tapped to Replace Wolfowitz

Now that Paul Wolfowitz has resigned his post at the top of the World Bank— blaming the media for his ultimate downfall—President Bush has found his successor in former Deputy Secretary of State Robert Zoellick, who will take over as bank president at the end of June.

BBC:

Meanwhile, AFP quoted a government source as saying that Mr Zoellick’s “experience and long career in international trade, finance and diplomacy make him uniquely prepared to take on this challenge.”

[The source] added: “He has the trust and respect of many officials around the world and believes deeply in the World Bank’s mission of tackling poverty.”

As deputy secretary of state, Mr Zoellick was chief aide to Condoleezza Rice between February 2005 and June last year.

Read more