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Bush nominates Zoellick for World Bank chief

WASHINGTON (Reuters) - U.S. President George W. Bush on Wednesday officially nominated Robert Zoellick, the former U.S. deputy secretary of state, to be new World Bank president, describing him as a “committed internationalist.”

“He has earned the trust and support of leaders from every region of the world,” Bush said 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 had violated rules in authorizing a hefty pay raise for his companion, Middle East expert Shaha Riza.