On February 17, the World Bank launched the nomination process for selecting a new president to succeed Robert Zoellick when he steps down in June, inviting names from any of its 187 member countries.

In a statement, the board said nominations had to be submitted by March 23 and it is expected that the top choice will be selected by the time of the World Bank and IMF meetings in April.

U.S. Secretary of State Hillary Clinton and former White House economic adviser and former Treasury Secretary Lawrence Summers are expected to be the possible successors though State Department has insisted that Clinton will not be taking the post.

Tags: Hillary Clinton, Lawrence Summers, Robert Zoellick, World Bank

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