New World Bank Head Stakes Out Own Ground

Zoellick mops up after Wolfowitz, but greater challenges lie ahead
By Katherine Thompson,  Newser Staff
Posted Oct 10, 2007 1:50 PM CDT
World Bank chief Robert Zoellick listens during a meeting with school officials and society organizations at Hanoi Industrial Vocational College in Hanoi, Vietnam, Tuesday, Aug. 7, 2007. Zoellick began...   (Associated Press)
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(Newser) – Though he's proven more popular with staffers than his predecessor, new World Bank head Robert Zoellick faces a greater challenge in setting a new path for the poverty-fighting lender, the Wall Street Journal reports. As shareholders meet today for the first time since Zoellick took over for the disgraced Paul Wolfowitz, the bank president aims to sell "inclusive and sustainable globalization."

Zoellick wants the World Bank to continue working with emerging nations like China, despite critics' arguments that such countries can finance their own growth. But lending to countries means having some say in their policies, and Zoellick said "we need more ways in the world for countries to work together." Still, some doubt Zoellick can change much during his tenure.