Robert Zoellick

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Dartmouth's Jim Yong Kim Tapped to Lead World Bank

(Newser) - Jim Yong Kim, an American who is president of Dartmouth College, has been chosen to be the next president of the World Bank. His selection extends the United States' hold on the top job at the 187-nation development agency. Kim, a surprise nominee of President Obama, was selected in a... More »

Obama Makes Surprise Pick to Head World Bank

Dartmouth president Jim Yong Kim expected to be announced today

(Newser) - President Obama will nominate Dartmouth College President Jim Yong Kim to head the World Bank, a surprise pick for the international financial institution's top job, senior administration officials say. The Korean-born Kim is a physician by training and a prominent figure in global health and development circles. Officials believe... More »

World Bank Vows to Stand Behind Poor

Aid to developing nations must be maintained, bank president warns

(Newser) - The head of the World Bank cautioned yesterday that the economic crisis could hit developing countries the hardest, and pledged the bank’s support in helping those nations protect their poor, reports AP. Bank president Robert Zoellick warned that aid to impoverished regions must continue to flow even as the... More »

Celebs Earn Stripes Helping Save Tigers

Harrison Ford, Bo Derek on board with World Bank effort to preserve habitats

(Newser) - Actors Bo Derek, Harrison Ford, and Robert Duvall helped the World Bank kick off a tiger-preservation campaign yesterday in Washington, CNN reports, with efforts to save the endangered species' habitats atop the list. Derek, who works with the US State Department to fight trafficking, says the tiger initiative should stem... More »

UN Head: Drop Policies That Up Food Prices

Ban urges global response to avert mass starvation

(Newser) - UN Secretary General Ban Ki-moon will plead with world leaders at a food summit in Rome tomorrow to suspend trade restrictions, agricultural taxes, and other price controls that have helped create the highest food prices in 30 years, reports the Washington Post. Ban will also urge the US and other... More »

World Bank Offers $1.2B in Food Aid

Millions at risk of starvation

(Newser) - The World Bank is offering an emergency $1.2 billion in aid to several nations in a desperate bid to stave off starvation for millions of people, reports the BBC. The money is being offered to Haiti, Liberia, Djibouti, Togo, Yemen and other nations identified as at immediate risk from... More »

Britain Tops US in Funding for World Bank

Institution raises record $25.1B for globe's poorest countries

(Newser) - 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... More »

World Bank President Touts New Strategy

Zoellick calls for fast funds and alternative energy sources

(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... More »

New World Bank Head Stakes Out Own Ground

Zoellick mops up after Wolfowitz, but greater challenges lie ahead

(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... More »

World Bank Confirms New Prez

Robert Zoellick to take over July 1

(Newser) - 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

Zoellick begins circuit to meet and greet bank's poorest clients

(Newser) - 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... More »

Zoellick Vows to Mend World Bank

Nominee sounds prepared to clean up Wolfowitz mess

(Newser) - 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,... More »

Former Trade Rep to Head World Bank

Bush expected to name Zoellick to replace Wolfowitz

(Newser) - 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... More »

Frist Heads World Bank Shortlist

Bush determined to replace Wolfowitz with American

(Newser) - The White House is eying former Senate majority leader Bill Frist to take the World Bank presidency soon to be vacated by Paul Wolfowitz, the Wall Street Journal reports. Also getting a look are Treasury No. 2 Robert Kimmitt, onetime trade representative Robert Zoellick, and Federal Reserve chairman Paul Volcker,... More »

Speculation On Wolfowitz Successor Builds

World Bank can expect numerous responses to 'help wanted' ad

(Newser) - As pressure on Paul Wolfowitz to step down grows, so does the list of possible successors to the scandal-battered World Bank president. The conservative Washington Times focuses on Goldman Sachs executive Robert Zoellick, a former official in both Bush administrations; other names in play include Treasury official Robert Kimmitt and... More »

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