Friday, June 10, 2011

Is Hillary Clinton going to the World Bank?

Hillary Rodham Clinton, January 2007Image via Wikipediahttp://beta.news.yahoo.com/hillary-clinton-going-world-bank-130106540.html
Reuters reports: "Secretary of State Hillary Clinton has been in discussions with the White House about leaving her job next year to become head of the World Bank, sources familiar with the discussions said Thursday."
Clinton's longtime communications aide, Philippe Reines, is denying the story and a senior administration official tells TIME the Reuters "rumor" is false.
But logic and experience supports Reuters and its three sources, who all claim Clinton wants the job. Clinton has said she only wants to serve one term; she's deeply committed to development; and the current head of the World Bank, Robert Zoellick, finishes his term next year. (See pictures from behind the scenes with Hillary Clinton.)
Normally the leadership of the World Bank and IMF would get sorted out closer to the end of the incumbents' terms. In a complicated but well-choreographed pas-de-deux, the U.S. and Europeans simultaneously decide whom they'll back for the heads of the two institutions. By tradition, the Europeans get the IMF and the U.S. gets the World Bank.
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