Monday, June 25, 2007

UPDATE 1-Zoellick unanimously approved as World Bank chief

(Reuters) - WASHINGTON, June 25 - The World Bank on Monday
unanimously approved Robert Zoellick as its president after a
controversial two-year term by Paul Wolfowitz, who agreed to
resign over a promotion scandal involving his companion.




Zoellick, former deputy U.S. secretary of state and trade
representative, was the only nominee for the job and will
overlap for a week with Wolfowitz before he offically takes the
reins of the poverty-fighting institution on July 1.


Read more at Reuters.com Bonds News

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