Thursday, March 8, 2012

US faces brewing battle for World Bank job

Yahoo News
March 8, 2012

The United States faces a brewing battle over who will lead theWorld Bank as one of its reported candidates ruled the job out and insurgent candidate Jeffrey Sachs won developing country support.
With the March 23 deadline looming for nominations to succeed president Robert Zoellick, Washington -- which has always put an American at the helm -- had narrowed the field to three, according to a source close to the Bank.
The administration of President Barack Obama is considering US Senator John Kerry, United Nations ambassador Susan Rice and economist Lawrence Summers, the source said.
But Kerry, the Democratic senator who was defeated in a run for the White House by then-president George W. Bush in 2004, says he does not want the job

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