News that the World Bank is hunting for a new leader brought forth fresh denials that Secretary of State Hillary Rodham Clinton is yearning for the job.
Robert Zoellick, president of the international financial institution, announced in a statement Wednesday that he plans to step down at the end of June, when his five-year term ends. The U.S. president traditionally appoints the chief of the Washington-based global bank.
In a letter to the World Bank's staff, Zoellick praised the organization for its work at a time of global economic turmoil. To help poor countries facing rising food prices, the bank assembled a rapid-response fund of $1.5 billion that reached 40 million people, he said.
Clinton long has been mentioned as a possible successor to Zoellick, and a news report last spring said she had engaged in discussions with White House officials about taking the high-profile post as a career-capping assignment.