Baku - APA-Economics. Robert Zoellick said in Washington he will resign as World Bank president in June, noting the international lending institution is strong and healthy.
Zoellick will leave at the end of his five-year term and the administration of U.S. President Barack Obama was expected to name a successor soon.
Zoellick’s leadership of the bank, based in Washington, was particularly notable during the global economic crisis, during which the institution came up with record replenishments to provide more than $247 billion to help developing countries boost growth and overcome poverty.
“I’m honored to have led such a world class institution with so many talented and exceptional people. Together we have focused on supporting developing countries to navigate crises and adjust to global economic shifts,†Zoellick said in his announcement, the Bank’s Web site reported.
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