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March 07, 2005
Bono may head World Bank
The World Bank's next president could be a rock star.

Treasury Secretary John Snow won't rule out U2 front-man Bono as a candidate to replace the outgoing head of the development bank. James Wolfensohn steps down June 1.

Snow said Bono is "in a way a rock star of the development world, too." Snow is part of a Bush administration team working to find a new president for the bank.

Bono has long been an activist for Third World debt relief and AIDS treatment.

Snow said former Hewlett-Packard Chief Executive Carly Fiorina is also a candidate. Snow said Fiorina is "a friend" and someone he respects.

The bank has traditionally had an American president. Snow expects that tradition to continue.

Posted by Michele at March 7, 2005 09:05 AM | TrackBack
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