U.S. may lead the World Bank

After the World Bank president, Robert Zoellick, stepped down from his position in June 2011, the World Bank finally started the nomination process to select a new president. The selection process is open to candidates from   any 187 member countries. However, in his speech on Saturday, February 25, Robert Zoellick said that the world's largest economy should lead international bodies, therefore he believes that a U.S. candidate will be a good match for the position of the World Bank president. So far, United States did not have top positions at the UN, WTO or the IMF. Currently, two leading candidates for the position are both from the United States: Hillary Clinton and Lawrence Summers.

Robert Zoellick also outlines the main challenges that the new president of the World Bank will have to deal with including economic crises in Europe and oil prices.

http://www.reuters.com/article/2012/02/25/us-worldbank-succession-idUSTRE81O05S20120225

Oksana Vernygora