The World Bank's Board of Executive Directors acknowledges the nomination on May 30th by the Executive Director of the United States of Mr. Robert Zoellick as World Bank President.

The World Bank approved on May 30th additional financing of US$15 million to the Government of Bangladesh, designed to support poor rickshaw-pullers that have been adversely affected by a ban on Non-Motorized Transport (NMT) on certain roads in Dhaka, the nation's capital.

Empowering Citizens and Institutions for Shared Growth

U.S. President George W. Bush has named Robert Zoellick, a former trade representative and top diplomat as his nominee to head the World Bank. Bush said the 53-year-old Zoellick is devoted to improving the world economy.

Wetlands to Reduce Nutrient Discharges to the Black Sea

A senior administration official says President Bush will nominate former Deputy Secretary of State Robert Zoellick to be the new president of the World Bank. Zoellick had also served as U.S. Trade Representative.

A new World Bank report says the flow of private capital to developing countries hit record levels in 2006. At the same time, though, the rate of growth is slowing.

The World Bank Board of Executive Directors approved on May 24th an additional International Development Association (IDA) credit in the amount of US$20 million to finance the Agricultural Services and Producer Organization Support Project (PASAOP) in Mali.

The World Bank Board of Executive Directors approved on May 24th additional International Development Association (IDA) financing in the amount of US$15 million for the Second Education Sector Investment Program (PISE II) in Mali.

The World Bank Board of Executive Directors approved on May 24th an International Development Association (IDA) credit of US$90 million to benefit the Second Transport Sector Project (PST 2), the aim of which is to facilitate accessibility on the part of rural communities in Mali and in the District of Bamako by improving rural infrastructures, river transport services, and urban transport infrastructures in Bamako.

The World Bank Board of Directors approved on May 25th US$50 million of International Development Association (IDA) funds for Malawi's Second National Water Development Project (NWSP II). Of these funds, US$27.5million is a grant and US$22.5million a credit*.

The World Bank Board of Directors today approved an International Development Association (IDA) grant of US$15million for the Business Environment Strengthening Technical Assistance Project (BESTAP) which is designed to support capacity development and investment climate reforms to accelerate economic growth in Malawi.