Stay up to date with notifications from The Independent

Notifications can be managed in browser preferences.

World Bank president appointed

Monday 13 March 1995 19:02 EST
Comments

Your support helps us to tell the story

From reproductive rights to climate change to Big Tech, The Independent is on the ground when the story is developing. Whether it's investigating the financials of Elon Musk's pro-Trump PAC or producing our latest documentary, 'The A Word', which shines a light on the American women fighting for reproductive rights, we know how important it is to parse out the facts from the messaging.

At such a critical moment in US history, we need reporters on the ground. Your donation allows us to keep sending journalists to speak to both sides of the story.

The Independent is trusted by Americans across the entire political spectrum. And unlike many other quality news outlets, we choose not to lock Americans out of our reporting and analysis with paywalls. We believe quality journalism should be available to everyone, paid for by those who can afford it.

Your support makes all the difference.

World Bank president appointed

The White House has appointed James Wolfensohn, an experienced Wall Street investment banker, to be the next president of the World Bank. Apart from his extensive connections in the world of high finance, Mr Wolfensohn was favoured over other candidates because of his glittering record of charitable work, involvement in development groups, and successful chairmanship of Washington's Kennedy Center for the Performing Arts. The appointment is to be formally approved by the board of the World Bank.

Hamish McRae, page 26

Join our commenting forum

Join thought-provoking conversations, follow other Independent readers and see their replies

Comments

Thank you for registering

Please refresh the page or navigate to another page on the site to be automatically logged inPlease refresh your browser to be logged in