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Hillary Clinton considering switch to top job at World Bank
US Secretary of State Hillary Clinton once public admitted that she would not like continue at the State Department for more than four years. Now, media reports say that she might move to World Bank in a leadership position.
IF MEDIA reports are to be believed US Secretary of States Hillary Clinton is planning to quit her current US State Department job and become World Bank (WB) chief. Quoting sources familiar with the discussion, said that the top US envoy will make the switch next year. After Barack Obama won the presidential elections in 2008, he appointed his once political rival Hillary as the top US envoy. Within months after her appointment, the former first lady became one of the most influential persons in Obama’s cabinet.
She is likely to take up the top post at World Bank after the bank’s incumbent head Robert Zoellick completes his term in the middle of 2012. Obama too has expressed support for Clinton’s career change plan, however, the move is only possible after the president formally nominates her as the new World Bank head and the 187 World Bank member countries support the nomination.
Refuting such reports, Philippe Reines, a spokesman for Clinton, said that the US envoy was not interested in the World Bank job and that no discussions had been held over the issue so far, as quoted by The reports could hamper Clinton’s efforts as the top US diplomat, especially at a time when the Obama administration is facing great foreign policy challenges. Clinton will be the first woman at the top WB post if appointed. She will most likely be replaced by John Kerry, chairman of the Senate Foreign Relations Committee, as the new top US diplomat.
The global financial crisis that hit the developed nations recently have drawn attention to the need for fresh thinking minds and new leadership at international financial institutions. Most often the IMF gets a European head, while the World Bank is led by an American. The BRIC nations – Brazil, Russia, India, China and South Africa – have also lately called for reforms in regulations related to appointment of the top officials at these monetary institutions. According to BRIC nations the top positions should be decided on the basis of competence.
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