World Bank board elects new President
Published: 25 June, 2007, 20:29
The World Bank board has approved Robert Zoellick as its new President. Mr Zoellick, proposed by U.S. President George Bush, will replace Paul Wolfowitz.
Mr Wolfowitz ends his tenure prematurely on June 30 after a scandal over allegations he secured a large pay raise for his companion.
Mr Zoellick was U.S. trade representative between 2001 and 2005.
The World Bank new president begins his five-year tenure on Sunday.
25.06.2007, 20:28
Russia calls for greater Black Sea energy stabilityTwelve Black Sea countries are meeting for what shapes as a crucial summit in Turkey's capital, Istanbul. Energy Security and closer economic links will be discussed at the 15th Organization of Black Sea Economic Co-operation summit. |
25.06.2007, 20:31
N Korea signals start of disarmamentNorth Korea says it is ready to start implementing a nuclear disarmament agreement made in February. The statement comes after the release of $US 25 MLN of frozen funds held at Macau's Banco Delta Asia Bank, in a transfer through a Russian bank. |
