World Bank to Poor- Suffer

Robert Zoellick, head of the World Bank and cheerleader of free trade, laid down the gauntlet for the world's poor at a meeting of the World Bank's policy-setting committee this weekend while discussing the current economic crisis.

As a result of the downturn, developed countries are not expected to help 28 countries facing twin shocks of rising food and fuel prices, said the bank's president, Robert Zoellick. "For the poor, the costs of the crisis could be lifelong," he said.

Robert Zoellick- Next World Bank President?

In a follow up to an earlier post, it was reported today that Robert Zoellick has been chosen by Mr. Bush to be the next World Bank President. Robert Zoellick was a former US Trade Representative, US Deputy Secretary of State and managing director and chairman of the International Advisors Department for Goldman Sachs. Also it should be noted that Mr. Zoellick was also an original PNAC (Project For A New American Century) signator. Much has been said in the European press that he was actually pre-approved for this position and was reportedly warmly accepted by European ministers and trade officials. Given this, his approval seems likely.