Statement by IMF Managing Director Rodrigo de Rato on U.S. nomination of Paul Wolfowitz to Lead the World Bank

Mr. Rodrigo de Rato, Managing Director of the International Monetary Fund (IMF), issued the following statement today:

"I welcome the news of the proposal by President Bush of Paul Wolfowitz to lead the World Bank. If he is confirmed by the member countries, Mr. Wolfowitz will bring to the Bank an impressive record of public service with extensive experience of management and of international affairs, in particular in Asia and the Middle East. I will look forward to working with him. I also wish to salute the effective leadership of the World Bank by James Wolfensohn over the past decade."