Bloomberg News

World Bank Board Nominee Pledges to Advance U.S. Objectives

March 13, 2012

The nominee to represent the U.S on the World Bank board of directors told a Senate Committee today that she would “diligently work to advance U.S. objectives” at the institution.

“The World Bank has played a central role in promoting open economies that become growing export markets for American companies,” Sara Aviel, the nominee for alternate executive director, said in prepared testimony before the Senate Foreign Relations Committee. ”During the global financial crisis, the World Bank acted quickly, dramatically increasing lending to help protect the poorest from the worst impacts of the crisis and to restore liquidity for world trade flows.”

Aviel’s nomination comes as the U.S. is set to announce a candidate for the World Bank presidency to replace Robert Zoellick, who plans to step down at the end of his term in June.

Aviel is currently director of international economic affairs at the National Security Council and the National Economic Council. She previously served as senior adviser to Treasury Secretary Timothy F. Geithner.

To contact the reporters on this story: Cheyenne Hopkins at Chopkins19@bloomberg.net

To contact the editor responsible for this story: Christopher Wellisz at cwellisz@bloomberg.net


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