Tuesday, June 26, 2007

Zoellick becomes World Bank president

The Executive Directors of the World Bank yesterday unanimously selected Robert Zoellick as the 11th President of the bank for a five-year term.

The President of the bank is ex-officio President of the International Development Association (IDA) and Chairman of the Board of Directors of the International Finance Corporation (IFC), the Multilateral Investment Guarantee Agency (MIGA), and the Administrative Council of the International Centre of Investment Disputes (ICSID).

This announcement affects every aspect of environmental, energy, and resources law, of course, due to the Bank's pivotal role in financing development -- and thereby setting development policy throughout the world.  So, who is this masked man?

Here's the Bank's bio:

Professional History of Mr. Robert B. Zoellick

Mr. Zoellick, a U.S. national, is currently Vice Chairman, International, of Goldman Sachs Group, and a Managing Director and Chairman of Goldman Sach’s Board of International Advisors. He has served in a number of senior positions in successive US administrations, including as Deputy Secretary, U.S. Department of State, and as U.S. Trade Representative (2001-05). He also served as Deputy Assistant Secretary for Financial Institutions Policy, US Department of Treasury, and Undersecretary for Economic and Agricultural Affairs and Counselor in the U.S. State Department. He was Executive Vice President of Fannie Mae (1993-1997), the large U.S. mortgage finance corporation, as well as Vice President and Assistant to the Chairman and CEO. In addition, he served as Olin Visiting Professor, U.S. Naval Academy, as Senior Advisor, Goldman Sachs, as Research Scholar, Belfer Center, Harvard University, and previously on three corporate boards, as well as numerous research and non-profit boards.

Mr. Zoellick has a J.D., magna cum laude, Harvard Law School, and a M.P.P. (in public management and international issues) from the Kennedy School of Government. In addition, Mr. Zoellick has received numerous distinguished service awards.

Read between the lines: Zoellick is a Bush loyalist and true believer in globalization for the benefit of corporate interests and the wealthy.  Wouldn't it be refreshing sometime for the World Bank to be led by someone who is committed to reducing international poverty and who has on the ground development experience -- rather than ideological theorizing and strategizing experience.

Unfortunately, and I say this as an alumna of both, Zoellick's Kennedy School and HLS credentials just mean he's smart, not moral or committed to the public he is supposed to serve.


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