China has said the next president of the World Bank should be chosen on merit, seeking to challenge a tradition that the bank’s chief be a US citizen, though it did not suggest a candidate.
Robert Zoellick said on Wednesday he would step down in June at the end of a five-year term as the bank’s president. Speculation has focused on Hillary Clinton, the US secretary of state, and Larry Summers, a former chief economic adviser at the White House, as potential successors.
Emerging markets have said before that there is no justification for the custom of reserving the bank’s top position for an American. Some wonder whether China, the world’s second-largest economy, might put forward a candidate.
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