Peace and War

Wednesday, May 30, 2007

Zoellick promises to heal World Bank rifts

WASHINGTON (Reuters) - Robert Zoellick, picked by U.S. President George W. Bush on Wednesday to head the World Bank, said his biggest challenge would be to "calm the waters" following the storm over outgoing president Paul Wolfowitz.

"One of the issues will be to try to calm the waters, but also then try and get a sense from people about how we can build some consensus about the direction of the institution," Zoellick told reporters soon after Bush's announcement.

"One can have the best strategy and ideas in the world and unless one can operationalize it, it's not going to be successful," he added.

If confirmed by the World Bank board of member countries as expected, Zoellick, 53, will succeed Wolfowitz, who agreed to step down on June 30 after a bank panel found he violated rules in authorizing a hefty promotion and pay raise for his companion, Middle East expert Shaha Riza.

Zoellick, who left his job as deputy secretary of state last year to join Wall Street investment bank Goldman Sachs, immediately reached out in an effort to heal divides that emerged among bank staff and member countries in the battle that led to Wolfowitz's resignation.

"This institution has been through a traumatic period and there is a lot of anxiety, some frustration and anger that has built up," he said, adding: "This is a group of first-class minds, highly trained, highly educated and devoted to the mission and this adds to the complications."

HANDS-ON MANAGER

Zoellick said he had already illustrated as U.S. Trade Representative that he was an able, hands-on manager who held daily meetings with senior managers, implying a different management style from Wolfowitz, who relied on an inner circle of advisors he brought in from the Pentagon and White House

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