Who is the president of the World Bank, and how is the president elected?
• Robert B. Zoellick is the 11th president of the World Bank. He is chairman of the bank’s Board of Executive Directors and also president of the five interrelated organizations that make up the World Bank Group. By tradition, the Bank president is a national of and is nominated by the executive director of the largest shareholder in the bank, the United States. The president is elected by the board of governors for a five-year, renewable term. By a long-standing, informal agreement, the president of the bank is a United States national, while the managing director of the International Monetary Fund is a European. To learn more about the Bank’s past presidents, go to the Archives.
