Thus is the comment pronounced by a Moroccan entrepreneur to show his disappointment at the new World Bank chief. Reuters is reporting that the Africans are criticising the current process of appointing the president of the World Bank and are angered by “the arrogance of the US.” Continue reading →

Bush will make the announcement tomorrow according to an Associated Press release, published by ABC news.“President Bush has chosen Robert Zoellick, a one-time U.S. trade representative and former No. 2 official at the State Department, to lead the World Bank, a senior administration official said Tuesday.” Continue reading →

Bloomberg is reporting that “The German government has told the Bush administration that it would support the nomination of former U.S. Trade Representative Robert Zoellick to head the World Bank, a German government official said.” Continue reading →

According to the Financial Times, Zoellick is leading the pack of contenders for the position of President of the World Bank.

Senior US administration officials expect a decision on the successor to Paul Wolfowitz, who steps down as bank president on June 30 following an ethics scandal, to be announced this week in Washington.” Continue reading →

Reuters is reporting that South Africa is pushing the US to abide by an agreement of the Group of 20 economic powers for an open and transparent appointment of the new head of the World Bank. Continue reading →