Washington, DC - Senate Finance Committee Chairman Max Baucus (D-Mont.) today welcomed President Bush’s recommendation of Robert Zoellick to be the next president of the World Bank. Zoellick previously served as Deputy Secretary of State and as the U.S. Trade Representative (USTR) in the Bush Administration.
“Bob’s the right person for this job," Baucus said. “It’s hard to imagine a more intelligent, hardworking, and capable person to assume the Bank’s leadership at this difficult point in its history. Bob has the skills and the integrity to put the Bank back on the right path."
The World Bank provides vitally important financial and technical assistance to developing countries around the world. This assistance takes the form of low-interest loans, interest-free credit, and grants to developing countries for education, health, infrastructure, communications, and many other worthy purposes.
Baucus’s Senate Finance Committee oversees U.S. trade policy.
Source: Ranking Member’s News
