Last month, Robert Zoellick, 58, a Republican appointed by President George W. Bush in 2007, announced his retirement, opening the door to Obama.
Today Obama has picked a public health expert of South Korean origin as its candidate for the World Bank presidency, a job emerging market economies are contesting for the first time.
Until now, the 57-year-old Okonjo-Iweala is also regarded as a highly credible candidate, accomplished in politics and development. She would be the first woman to lead the bank.
Many people are caring for the salary of the president. In fact, the only World Bank official who is paid a higher salary is the President.
Based on 2008 review, the President Robert B. Zoellick's yearly net of taxes reached $441,980. He also received $67,181 as contribution to his pension and $191,852 other benefits, according to nigeria village square reported.
In the 2010, Zoellick's salary remained the same, while his pension rose to $91,237 and other benefits was $193,593.
At the same time, the World's Banks President also has an additional allowance apart from the stated salary to cover his US taxes. Compared to Zoellick, the Managing Director Okonjo-Iweala's taxes are not taxable.
Then how much will the World Bank President's salary? Let's expect.
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