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Bush Admin Taps Zoellick to Head World Bank

HeadlineMay 30, 2007

The Bush administration has announced plans to name former Deputy Secretary of State Robert Zoellick to replace Paul Wolfowitz as head of the World Bank. Zoellick spent four years as the U.S. trade representative until 2005. He went on to the State Department before leaving to join the financial firm Goldman Sachs last year. Zoellick previously served as a paid adviser to the energy company Enron before its collapse. He was an early backer of the U.S. invasion of Iraq and a co-signatory of the neoconservative Project for a New American Century letter calling for Iraq regime change. Public health advocates are criticizing the appointment. Dr. Paul Zeitz, executive director of the Global AIDS Alliance called Zoellick “a terrible choice,” saying: “He has been a close friend to the brand-name pharmaceutical industry, and the trade agreements he has championed block patients access to generic medication. … As a market fundamentalist he is also much less likely to stand up for a strong and effective public sector.”

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