Robert Zoellick

World Bank finds extra board seat for Africa

Sub-Saharan Africa will gain a seat at the Executive Board of the World Bank and developing countries voting power in the bank will be raised to 44% as part of governance reforms approved by the Bank's governing board.

Mohohlo slams Fund and Bank governance deficit

In a speech to the executive directors of the IMF, Linah Mohohlo, the governor of the Bank of Botswana blasts America and Europe for what she describes as a sense of entitlement in the appointment of the heads of the World Bank and the Fund.

No challenge to European at IMF - Paulson

The American Secretary of the Treasury, Henry Paulson, says the United States will not challenge the long-standing tradition of allowing European countires to select the new managing director of the International Monetary Fund.

Surprise as de Rato resigns from IMF

Rodrigo de Rato, the managing director of the International Monetary Fund, has announced that he would leave the Fund after its next meetings in October. This will be three years after his appointment and before the end of the normal five-year term.

New names for WB presidency

Some interesting names are being bandied about as potential replacements for Paul Wolfowitz as president of the World Bank, when he steps down next month.

Europeans react to Wolfowitz departure

Following the announcement that Paul Wolfowitz, the under-fire president of the World Bank, will step down on 30 June, European government officials are calling for the Bank to rebuild its credibility.

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