Skip to: Content
Skip to: Site Navigation
Skip to: Search

August 21, 2008 6:02:50 PM CDT

Learn about Newser Points »

« Back to the grid | Next story »

World Bank President Touts New Strategy

Posted Oct 22, 07 8:25 AM CDT in World,  Business 

(Newser) – Robert Zoellick has outlined a new strategy for the World Bank, including giving the private sector a bigger role in development, speeding aid to countries coming out of conflict, and promoting green energy alternatives, Reuters reports. The new president  has been quick to reposition the global bank's mission following the turmoil over former president Paul Wolfowitz's resignation under duress.

"I believe we need to take a fresh look at the bank's strategic direction," Zoellick said in his first speech to officials of the member nations. He also called for more funding from the major industrialized nations. "We need developed countries to translate their words from summit declarations into serious numbers," he said.

Source Reuters

0 comments | Print E-mail | Digg Seed this on Newsvine Add this link to Del.icio.us StumbleUpon

Related Newser Stories

  • Britain Tops US in Funding for World Bank

    Dec 14, 07 3:15 PM CST
    Britain Tops US in Funding for World Bank Great Britain has supplanted the United States as the largest contributor to the World Bank, pledging $4.2 billion of the total $25.1 billion raised for the world's poorest nations, a record high. The shift in power reflects both the dollar's waning dominance as well as an end to US-Europe tensions following Paul Wolfowitz's resignation, the Times reports. More »

  • World Bank Confirms New Prez

    Jun 26, 07 5:48 AM CDT
    World Bank Confirms New Prez Declaring that he's looking forward to "encouraging hope, opportunity and dignity," Robert Zoellick was elected yesterday to succeed the embattled Paul Wolfowitz as new chief of the World Bank. The Goldman Sachs investment banker and former US deputy secretary of state will officially step into office July 1.  More »

  • Next World Bank Prez Meets World

    Jun 5, 07 11:33 AM CDT
    Next World Bank Prez Meets World Former trade rep Robert Zoellick embarked on a world tour yesterday, in advance of his likely ascension to president of the World Bank this month. Zoellick will stop in Africa to visit the bank's largest beneficiaries, and Europe to schmooze with its largest donors. "I want to leave no stone unturned," he said. More »

  • Zoellick Vows to Mend World Bank

    May 31, 07 7:37 AM CDT
    Zoellick Vows to Mend World Bank Robert Zoellick knows he has his work cut out for him, and he says he will try to "calm the waters" if he is confirmed as World Bank president. "This institution has been through a traumatic period and there is a lot of anxiety, some frustration and anger," says the designated successor to Paul Wolfowitz. More »

  • Former Trade Rep to Head World Bank

    May 29, 07 5:30 PM CDT
    Former Trade Rep to Head World Bank President Bush will tap former US trade representative Robert Zoellick as the new World Bank prez, sources close to administration said this afternoon. Zoellick, who has spent over 20 years in government, served as deputy secretary of state and the country's top trade official until last year, when he joined Goldman Sachs. More »

World Bank President Robert Zoellick, left, speaks with U.S. Treasury Secretary Henry Paulson at the start of a meeting of the Development Committee at World Bank Headquarters in Washington, Sunday, Oct....   (Associated Press)
World Bank President Robert Zoellick, left, answers a reporter's question at a press briefing by senior officials of the Development Committee of the International Monetary Fund and World Bank, at IMF...   (Associated Press)
World Bank President Robert Zoellick, left, ponders a reporter's question at a press briefing by senior officials of the Development Committee of the International Monetary Fund and World Bank, at IMF...   (Associated Press)
« Prev« Prev | Next »Next » Slideshow
Our editors also recommend:

World Bank

Threads (1 of 1)

Tags

Saudi Arabia  • World Bank  • poverty  • Paul Wolfowitz  • G8 summit  • Robert Zoellick


Loading...

Premium Articles from HighBeam

Find more articles like this

Today's Most Popular


Other Business Stories

What is Newser?

2008 Codie Finalist

Newser gives you more news in less time. We search for the best and most important stories all over the web, read them for you, and deliver concise and sharp summaries—along with links to the full text. Newser provides a way to stay on top of an ever-expanding horizon of news and opinion—politics, sports, business, trends, technology, personalities, crimes, and controversies. Newser keeps you not just better informed, but, with our signature graphic interface and smart condensed format, more enjoyably informed.

Learn more »