Wednesday, May 30, 2007

Bush Nominates Zoellick

President Bush has nominated former Deputy Secretary of State and US Trade Representative Robert Zoellick to replace Paul Wolfowitz as President of the World Bank.

Zoellick was the US Trade Representative from 2001-2005, covering the entire first term of the Bush presidency and part of his second term. He served as Deputy Secretary of State from 2005-2006.

A native of Naperville, Illinois, Zoellick worked in the Treasury Department under Ronald Reagan and in the State Department under President George H. W. Bush. He returned to private business life during the Clinton years and even advocated war with Iraq during the Clinton administration.

Zoellick was a strong backer of the Iraq war, and is a staunch supporter of NATO. He is also known for his powerful voice on Darfur and helped craft the administration's sanction policy against Sudan.

Since leaving the State Department in 2006, he has worked as a managing director and chairman of the International Advisors department at Goldman Sachs.

Zoellick's nomination must be approved by the World Bank's Board of Directors

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