World Bank Chief to Step Down

February 15, 2012
 

The president of the World Bank, Robert Zoellick,  said he would step down on June 30, when his five-year term ends.
 

Although the bank’s global membership selects a new leader, Washington traditionally appoints its choice under the unwritten rules established since the U.S. helped to found the institution in the wake of the second World War. The Obama Administration hasn’t yet made public a decision on Mr. Zoellick’s successor.