Stefanie (sirensong984) wrote in u2,

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7th March 2005

Bono ruled out as World Bank chief

US Treasury Secretary John Snow has paid tribute to U2 singer Bono but says the Irish rock star will not be the next head of the World Bank.

Mr Snow has told the American ABC television network he expects an American to be named to succeed outgoing bank chief James Wolfensohn.

"I've had any number of calls from finance ministers from around the world saying they want it to be an American," Mr Snow said.

Traditionally, an American leads the World Bank while Europe chooses the head of the International Monetary Fund.

The Los Angeles Times said last month it might be time for a non-American to head the World Bank, and named Bono was a credible candidate.

The newspaper called him "the most eloquent and passionate spokesman for African aid in the Western world".

"Don't be fooled by the wraparound sunglasses and the excess hipness," the paper wrote. "Bono is deeply versed in the issues afflicting the least-developed nations of the world."

Mr Snow also praised Bono as "somebody I admire".

"He does a lot of good in this world of economic development," Mr Snow said.

"Most people know him as a rock star. He's in a way a rock star of the development world too."

Mr Wolfensohn, an Australian-born American, is due to step down in June after a decade in office.

(c) ABC 2005

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