Home About Chat Users Issues Party Candidates Polling Firms Media News Polls Calendar Key Races United States President Senate House Governors International

"A historical political resource." 
Email: Password:

  World Bank President Robert Zoellick to Step Down When Term Ends This Year
NEWS DETAILS
Parent(s) Race 
ContributorJ.R. 
Last EditedJ.R.  Feb 15, 2012 02:59pm
Logged 0
CategoryNews
News DateWednesday, February 15, 2012 08:00:00 PM UTC0:0
DescriptionWorld Bank President Robert Zoellick, who was nominated by President George W. Bush in 2007, said he will leave the institution when his five-year term ends June 30.

“Together we have focused on supporting developing countries to navigate crises and adjust to global economic shifts,” Zoellick, 58, said in an e-mailed statement today. “The bank is now strong, healthy and well positioned for new challenges, and so it is a natural time for me to move on and support new leadership.”

Under Zoellick’s presidency, shareholders approved the first capital increase in more than 20 years to meet demand from countries hit by the global slump that followed the 2008 financial crisis. His successor may face another surge in loan requests as the European debt crisis threatens to trigger more global turmoil.
Share
ArticleRead Article

NEWS
Date Category Headline Article Contributor

DISCUSSION
Enter your Name:

A moderator will have to approve your message before it will appear.
Simple bad-talking or insulting messages will likely be deleted.
If you are trying to write to a candidate that appears on the site, they likely do not read this and will not answer.
This site is an English language site and non-English messages will be deleted.

Enter This Code