Bush picks Zoellick as new World Bank chief | business | Hindustan Times
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Bush picks Zoellick as new World Bank chief

Robert Zoellick, a former US Trade Representative will replace Paul Wolfowitz, who resigned after being mired in a scandal.

business Updated: May 30, 2007 02:49 IST

US President George W Bush has chosen Robert Zoellick, a former US Trade Representative, as the new president for the World Bank, a senior administration official said on Tuesday.

Bush will announce his selection on Wednesday and expects the bank's board to accept it, the official said.

Treasury Secretary Henry Paulson received "positive reactions" from other countries to the choice. Zoellick will replace Paul Wolfowitz, who resigned after a storm of criticism over a salary increase for his companion.