Stiglitz calls new World Bank boss "protectionist"
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The World Bank's former chief economist attacked its proposed new chief Robert Zoellick as a man of protectionism and said his nomination was a "wasted opportunity" for the bank.
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An anti-corruption unit at the World Bank heavily promoted by ousted president Paul D. Wolfowitz needs to be overhauled to mend tense relations with the rest of the bank's staff, according to a report released yesterday by a high-level outside review panel.
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Robert Zoellick, U.S. President George W. Bush's nominee to head the World Bank, will travel to Africa, Europe and Latin America to lobby for the job starting on Monday, and said he wants to hear directly from governments about their development priorities.
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A world trade deal that benefits "all economies" is within reach if countries are prepared to negotiate seriously on draft texts released this week, World Bank President Robert Zoellick said on Friday.
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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."
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The head of the World Bank  calls Singapore "authoritarian" for its handling of activists attending its annual meeting.
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Robert Zoellick, a nimble negotiator who has crisscrossed the globe as President Bush's trade chief and as the country's No. 2 diplomat, is the White House's choice to be the next World Bank president. Bush will announce the decision on Wednesday, according to a senior administration official.
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World Bank President Paul Wolfowitz   on Friday called Singapore's restrictions on the entry of   activists for the World Bank/IMF meetings "authoritarian."
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Joseph Stiglitz, the Nobel laureate economist tapped to head a new French study, said Tuesday he sees gross domestic product (GDP), the most often cited yardstick, as an imperfect indicator.
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Playing down a funding row with   Britain, World Bank President Paul Wolfowitz defended his   controversial anti-corruption campaign on Friday, saying the   bank could not tolerate misuse of its funds to poor countries.
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U.S. Treasury Secretary Henry Paulson  said on Tuesday trade protectionism was on the rise despite  strong global prosperity and warned it was a potentially  dangerous trend.
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Just when it appeared things had quieted down a bit at the World Bank, a mini-uproar developed this week over word that Robin Cleveland , top aide to outgoing bank chief Paul Wolfowitz , might be thinking of staying put.
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The World Bank on Tuesday named Pamela Cox as its new top official to oversee its lending operations in Latin America and the Caribbean.
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Russian President Vladimir Putin on Sunday criticized international economic institutions for protecting the interests of a select few developed countries and called for a new global economic order that would give rapidly growing developing economies a bigger role.
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Bob Zoellick, Bush's new choice to head the World Bank, is no ideologue like his predecessor. An Administration stalwart, he's finally getting a chance at a top job he craved
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Robert Zoellick, the U.S. choice to head the World Bank, warned Saturday that Venezuela's economic and political troubles were growing under President Hugo Chavez's leftist government.
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New penalties against Sudan &#151; check. More dollars to fight AIDS in Africa &#151; check. A respected internationalist to lead the World Bank &#151; check. Friendly words about tackling global warming &#151; check.