World Bank Confirms New Prez

Robert Zoellick to take over July 1
By Dustin Lushing,  Newser Staff
Posted Jun 26, 2007 5:48 AM CDT
World Bank Confirms New Prez
World Bank president-designate Robert Zoellick briefs the media after a meeting with German Federal Minister for Economic Cooperation and Development, Heidemarie Wieczorek-Zeul, unseen, in Berlin, on Wednesday, June 13, 2007. (AP Photo/Markus Schreiber)   (Associated Press)

(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. 

Zeollick has a good reputation among World Bank higher-ups as a centrist and a consensus builder, according to the Wall Street Journal. Wolfowitz stepped down after two years in the wake of a scandal over his conduct in securing a job at the organization for his girlfriend. (Read more Robert Zoellick stories.)

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