World Bank Leader Expects to Step Down

[illbill]

WASHINGTON, Jan. 2 (Reuters) - The president of the World Bank, James D. Wolfensohn, said Sunday that he expected the White House to select a new World Bank leader this year as he ends 10 years as chief of the bank, an international lender.

Mr. Wolfensohn's future has been a subject of speculation. His second five-year term expires in June. The United States trade representative, Robert B. Zoellick, has been mentioned as a possible successor.

"I've had 10 years, and that's probably enough," Mr. Wolfensohn said on the ABC News program "This Week," when asked if he wanted to stay. "But if the need is there, I'll do whatever the shareholders want.

"My understanding and my belief is that probably during the course of this year, I'll give over to someone else."

By informal agreement of the 184 shareholder nations that finance the bank and the International Monetary Fund, an American leads the bank and a European runs the fund.



Full article: http://www.realopinion.com/realboards/showthread.php?t=1083

[TheDebbieDee]

1. Didn't Colin Powell also...

interview for this job sometime in 2003?

[illbill]

2. I heard that...

as well.