Lebanon nominates Ziad Hayek for World Bank presidency

In a letter submitted to the Executive Director of the World Bank Merza Hasan, Finance Minister Ali Hassan Khalil nominated Hayek while praising his "qualifications" for the role.
by Annahar Staff

19 February 2019 | 15:06

Source: by Annahar

  • by Annahar Staff
  • Source: Annahar
  • Last update: 19 February 2019 | 15:06

A file photo of the World Bank's headquarters (AP)

BEIRUT: Lebanon nominated Tuesday one of its own, the Secretary-General of the High Council for Privatization and private-public partnership (PPP) Ziad Hayek, to become the next president of the World Bank. 

In a letter submitted to the Executive Director of the World Bank Merza Hasan, Finance Minister Ali Hassan Khalil nominated Hayek while praising his "qualifications" for the role. 

"[He] has demonstrated throughout his career, a passion for the development, both social and economic, of countries and societies and individuals throughout the world," the letter said. 

Hayek is also Vice Chair of the United Nations Working Party on PPP in Geneva, the Executive Director of the U.N.-affiliated International Center of Excellence in PPP for Ports in Beirut while serving on the Board of Trustees of USEK University, along with a number of other local NGOs.

The World Bank President Jim Kim had announced that he is stepping down on February first, more than three years before the end of his second term. He was first nominated by former U.S. President Barack Obama on March 23, 2012. 


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