The World Bank's outgoing president, Robert Zoellick, says that four years after eurozone debt became a problem, the world is entering a new and more precarious phase of the crisis. Listen to our full interview with him here.
Today the World Bank's directors are picking a new new president. The U.S. has nominated one candidate, and historically the American choice gets the job. But for the first time, there's another contender -- from the developing world.
After five years, Robert Zoellick is about to step down as the president of the World Bank. He discusses the changing role of the organization in today's global economy.
How would the IMF and the World Bank really change if the new leader was appointed from a developing nation instead of the U.S.?