March 19th, 2012

Signs that U.S. has yet to make World Bank choice

(Reuters) – With just five days to go for nations to put forward nominees to lead the World Bank, there are few signs the United States has finalized its choice to lead the global development lender.

The United States has held the presidency of the Bank since its founding after World War Two, while a European has always led its sister institution – the International Monetary Fund.

But Washington has yet to publicly identify a candidate and some observers think the delay could signal that the White House is having a hard time convincing high-level officials to take the job. The White House and Treasury Department have declined to comment.

Sources with knowledge of the administration’s thinking say the hope was to convince a woman to enter the race to replace Robert Zoellick, who has said he will step down when his term expires at the end of June…

Read full article in Reuters.



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