Zoellick to step down, Hillary Clinton may head World Bank

"The Bank is now strong, healthy and well positioned for new challenges, and so it is a natural time for me to move on and support new leadership," Zoellick said.

Zoellick informed the Bank's Board on Wednesday morning of his decision.

Zoellick said through June 30 he will stay 100 per cent focused on being Bank President and will continue to drive policy and programmes at a heightened tempo.

Soon after the announcement, the US media reported that possible candidates include the Secretary of State, Hillary Clinton, and Larry Summers, the former economic adviser to the US President, who is now a professor at the Harvard University.

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