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India On Media |
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| Politics
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| US nominates new World Bank chief |
| US President George W Bush has nominated Robert Zoellick, former deputy secretary of state, to be president of the World Bank
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| UNITED STATES OF AMERICA
, 30-May-2007
10:21:40 AM |
| Mr Zoellick would replace Paul Wolfowitz, who steps down on 30 June.
His nomination will be considered by the World Bank's 24-member board of governors, although the US nomination has always been accepted in the past.
Some members have called for candidates from outside the United States to be considered for the job.
The World Bank's chief economist, Francois Bourguignon, told the BBC's World Today programme that Mr Zoellick had some useful experience for his new job
"He was negotiating for the US in the Doha Round, so he knows very well these issues of trade, and the role that trade may play for accelerating development in emerging and poor countries," said Mr Bourguignon.
'A dark chapter'
As deputy secretary of state, Mr Zoellick was chief aide to Condoleezza Rice between February 2005 and June last year.
He is also an ex-US trade representative and is currently an executive at the investment bank Goldman Sachs.
"Mr. Zoellick is certainly the right man for the job," French Foreign Minister Bernard Kouchner said.
"He has to establish or rather re-establish confidence in the institution because it was a dark chapter with Wolfowitz," he added.
Paul Zeitz, Executive Director of the Global AIDS Alliance, thinks that Mr Zoellick is a terrible choice.
"Zoellick has no significant experience in economic development in poor countries," he said.
"He has been a close friend to the brand-name pharmaceutical industry, and the bilateral trade agreements he has negotiated effectively block access to generic medication for millions of people" he added.
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