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World Bank Board Appoints Zoellick to be Bank President

HeadlineJun 26, 2007

The World Bank’s board has unanimously approved Robert Zoellick to become the bank’s next president replacing the outgoing Paul Wolfowitz. President Bush personally handpicked Zoellick for the job. Under an informal agreement, the United States always selects the head of the World Bank. Zoellick’s record as former U.S. trade negotiator has been criticized. David Waskow of Friends of the Earth said, “When he was the U.S. trade czar, Zoellick was known for repeatedly rejecting developing countries’ concerns on issues like agriculture, access to medicines, and protecting biodiversity.”

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