Following up on Steven Taylor’s post from this morning, the International Herald Tribune and others are reporting that former U.S. trade negotiator and deputy secretary of state Robert Zoellick will replace Paul Wolfowitz as the president of the World Bank.
Zoellick appears to be highly qualified for the position, and his apparent support from the bank’s European shareholders, developing-world clients, and many pro-reform critics should help in the continuation of the anti-corruption and streamlining process at the bank, which bogged down due to the combination of Wolfowitz’s lack of financial management experience and resistance from skeptical bank bureaucrats.
