World Bank president Robert Zoellick will leave the job at the end of his five-year term on June 30, the Bank announced Wednesday. No mention was made of his successor, traditionally nominated by the United States. Speculation has focused on US Secretary of State Hillary Clinton, Treasury Secretary Timothy Geithner and former Treasury chief Larry Summers.
Under Zoellick the Bank "played an historic role during the global economic crisis, using record replenishments to provide more than $247 billion to help developing countries boost growth and overcome poverty," the Bank said in a statement.