Zoellick approved as World Bank president

Zoellick, 53, who is a vice-chairman at investment bank Goldman Sachs, is to take office Sunday. A well-known consensus builder, he faces the task of rebuilding trust in the development lender that cracked under current president Paul Wolfowitz.

Wolfowitz was forced to resign following a troubled two-year tenure after the bank found that he had violated rules in arranging a lavish pay-and-promotion package for his female companion, a bank employee. He steps down Saturday.