FT.com / World – Bush picks Zoellick to be World Bank chief

May 30, 2007 § Leave a comment

 The bank is going so serve capital, or development? that they are not the same is the emerging issue. The place of the US in this struggle is crucial for the US, which may be becoming a bit player.

US officials hope that by proposing a nominee of Mr Zoellick’s standing and international reputation they will defuse calls for a fundamental change in the way the bank president is selected.

The bank’s board issued a statement late on Tuesday that opened the door to a rival nomination.

A formal contest would be an unprecedented challenge to the White House’s traditional right of appointing the bank president.

The statement noted that ”nominations may be made by any” member of the bank’s 24-country board in addition to the expected US nominee.

A senior World Bank manager said there would be mixed feelings about Mr Zoellick’s nomination, with respect for his diplomatic skills offset by concern about his hard-driving management style. The manager said Mr Zoellick was “highly regarded” but seen as a “bit abrasive” with his staff.

“I think there is scepticism about Zoellick’s management skills,” he said.

Source: FT.com / World – Bush picks Zoellick to be World Bank chief

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