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

November 23, 2008 3:48:08 AM CST

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

Loading...

Other Business Stories

What is Newser?

2008 Codie Finalist

Face it: there's too much news. At Newser a team of editors and writers culls the most important stories from hundreds of U.S. and international sources and reduces them to a headline, picture, and two paragraphs. It's the Newser guarantee: we can take any report or column or video and pack what you need to know into 120 words or less. Newser's short-form aggregation, visual format, and unique information tools help you get more of the kind of news you want, in a quicker and more entertaining way. And we do it 24/7—you can come back morning, noon, night (and in between) for something new that matters. Read less, know more.

Learn more »