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Clinton Denies Interest to Head World Bank

Service : Economy
TEHRAN, June 10 (ICANA) – The White House has denied that US Secretary of State Hillary Clinton is seeking to preside over the World Bank, a report says.
Friday, June 10, 2011 7:56:30 PM
Clinton Denies Interest to Head World Bank

White House Press Secretary Jay Carney told Reuters on Thursday that the top US diplomat has had no discussions on the World Bank post. "It's totally wrong," he said.

Reports indicated that Clinton had sought to replace current World Bank President Robert Zoellick when his term ends in 2012.

US President Barack Obama had expressed his support to Clinton, earlier reports showed.

However, an approval by all the 187 member nations of the bank is required in order for Clinton to become its president.

Meanwhile, Phillips Reines, a spokesperson for Clinton, also denied that she had held conversations with the White House on the matter.

"It's 100 percent untrue,” he said, adding, “Secretary Clinton has not had any conversations with the president, the White House or anyone about moving to the World Bank.”

Clinton, however, has publicly said she has no plans to stay in the State Department for more than four years and would step down at the end of Obama's current term. Her tenure coincides with the resignation of Zoellick.

The World Bank, which provides multibillion dollar loans to carefully selected nations that are willing to conform to austerity measures dictated by it, has always been led by former American officials and executives. The bank is also based in Washington, D.C.

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