Bush names Zoellick for World Bank, move welcomed

By Lesley Wroughton

WASHINGTON (Reuters) - U.S. President George W. Bush on Wednesday named former top trade negotiator Robert Zoellick to head the World Bank, and the nominee called on bank members to move past divisions and "focus on the future."

"He has earned the trust and support of leaders from every region of the world," Bush said as he announced the nomination at the White House with Zoellick by his side. "He is deeply devoted to the mission of the World Bank."

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

While European countries have said they will support Washington's choice, some developing nations had urged the United States to open the selection process to a global pool of candidates, based on qualifications and not nationality.

Since the establishment of the World Bank nearly 63 years ago, the United States has named the World Bank president, while the head of its sister organization, the International Monetary Fund, has always been a European.

Given concerns with that long-standing practice among some bank member countries, other candidates could still emerge before a June 15 deadline, although it was unlikely any would present a formidable challenge to Zoellick's nomination.

Bush made a strong pitch for Zoellick, saying he would bring a wealth of experience to the World Bank, having worked on issues ranging from Germany's unification to the transition of post-Soviet economies to global trade issues.

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 a bruising battle that led to Wolfowitz's resignation.