Zoellick set to join Harvard

Last Updated: Wednesday, June 27, 2012 - 19:24

Washington: Outgoing World Bank President Robert Zoellick will join two prestigious institutions, including Harvard University, after he steps down from his current position on June 30.

Zoellick will join the Belfer Center for Science and International Affairs at Harvard University as a senior fellow and will also become think-tank Peterson Institute's first Distinguished Visiting Fellow, a statement said today.

"I appreciate the opportunity to engage with the scholars and practitioners at Harvard's Belfer Center and the Peterson Institute for International Economics," said Zoellick.

"I hope to work on the intersection of economics and security, applying history to policy questions of today. Both institutions have been at the cutting edge of research and policy development, and I have benefited greatly from both in the past," said the World Bank president.

As the 11th president of the World Bank, 58-year-old Zoellick turned around an institution in trouble in 2007, recapitalised the Bank, and expanded financing for the poorest countries following the food, fuel and financial crises of recent years, said a World Bank statement.

Zoellick also modernised the Bank by making it more accountable, flexible, fast-moving, transparent, and focused on good governance and anti-corruption, the bank said adding that he has increased representation of developing countries in governance and staffing and encouraged developing countries to set their own priorities rather than have them dictated from the Bank.

Before his term at the Bank, Zoellick served as Vice Chairman, International, of the Goldman Sachs Group as well as Managing Director and Chairman of Goldman Sachs' Board of International Advisors from 2006-2007.

Previously, he was Deputy Secretary of State in 2005-2006 and a member of the Cabinet as US Trade Representative from 2001 to 2005.

From 1985 to 1993, he served at the Treasury and State Departments in various posts, as well as White House Deputy Chief of Staff.

He was the lead US official in the "Two-plus-Four" process of German unification in 1989-90 and served as "sherpa" for the preparation of the G-7/8 Economic Summits in 1991-92.


First Published: Wednesday, June 27, 2012 - 19:24

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