The Hagstrom Report

Agriculture News As It Happens


Zoellick to leave World Bank

Robert Zoellick
Robert Zoellick
World Bank President Robert Zoellick will leave his post on June 1, at the end of his five year term, news services reported today.

Zoellick ,who had served as U.S. trade representative and at the State Department during the presidency of George W. Bush, assumed the bank position during Bush's presidency.

An American has traditionally held the bank's presidency, but Zoellick's departure once again raises the question of whether someone from another country might be chosen to head the bank.

The New York Times, reported, however, that U.S. Treasury official Lael Brainard will lead the team to search for a new bank president. The Times also noted that Secretary of State Hillary Rodham Clinton has been rumored to be a top candidate for the job even though State Department officials have denied she may move to the bank.