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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
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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.

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 a two-day visit to Vietnam on Monday to learn more about the challenges facing the fast-growing communist country. Zoellick recently replaced...
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)
World Bank chief Robert Zoellick listens during a news conference in Hanoi, Vietnam, Tuesday, Aug. 7, 2007 to wrap up his visit to Vietnam. Zoellick began a two-day visit to Vietnam on Monday to learn more about the challenges facing the fast-growing communist country. Zoellick recently replaced former bank President...
World Bank chief Robert Zoellick listens during a news conference in Hanoi, Vietnam, Tuesday, Aug. 7, 2007 to wrap up his visit to Vietnam. Zoellick began a two-day visit to Vietnam on Monday to learn...   (Associated Press)
World Bank chief Robert Zoellick speaks to reporters after a meeting with Vietnamese Prime Minister Nguyen Tan Dung at the Government Office in Hanoi, Vietnam, Monday, Aug. 6, 2007. Zoellick began a two-day visit to Vietnam on Monday to learn more about the challenges facing the fast-growing communist country. (AP...
World Bank chief Robert Zoellick speaks to reporters after a meeting with Vietnamese Prime Minister Nguyen Tan Dung at the Government Office in Hanoi, Vietnam, Monday, Aug. 6, 2007. Zoellick began a...   (Associated Press)
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