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Robert Zoellick is off to a good start at the World Bank, as Sebastian Mallaby notes today in his Washington Post column. Bank staff are delighted with his policy pragmatism and World Bank boosterism—the view that the bank can be all things to all shareholders and stakeholders, continuing to do everything it has always done—but more so and better so.
Leaders create news as they stake out new territory, and they also create turbulence that can be harnessed by institutional reformers when conditions are right. The conditions were undoubtedly right at the World Bank in 1992.
One very good thing that can be said about Robert Zoellick's maiden speech as World Bank president today is that it was much better than the advance account in yesterday's Wall Street Journal (subscription required) would have led listeners to expect.
With my colleagues at the Center for Global Development, I extend hearty congratulations to Bob Zoellick for recruiting back to the World Bank Ngozi Okonjo-Iweala , the distinguished former minister of finance of Nigeria, as one of now three managing directors reporting to him. CGD supporters who don't know Dr.