Leave your feedback Share Copy URL https://www.pbs.org/newshour/show/new-world-bank-chief-zoellick-tasked-with-reputation-repair Email Facebook Twitter LinkedIn Pinterest Tumblr Share on Facebook Share on Twitter Transcript World Bank President Robert Zoellick has been tasked with putting the bank back on track after the stormy departure of its former chief, Paul Wolfowitz. Zoellick details his plan to lead the poverty-fighting institution. Read the Full Transcript Notice: Transcripts are machine and human generated and lightly edited for accuracy. They may contain errors. GWEN IFILL: Robert Zoellick's first 100 days at the World Bank were spent overcoming the final 100 days of his predecessor, Paul Wolfowitz. His first task: to calm the waters at the world's largest poverty-fighting institution. ROBERT ZOELLICK, President, World Bank: The purpose of the World Bank is not about charity. The United States has been a strong supporter of the World Bank since its inception. The bank's reliance on markets, investments, sound policies, good governance, and partnerships for self-help are in keeping with the values that Americans esteem. GWEN IFILL: Wolfowitz, one of the architects of the war in Iraq, ruffled feathers at the bank with a hard-charging campaign against corruption and graft. He also was accused of conflict of interest for arranging for his then-girlfriend to move from the bank to a senior position at the State Department.Zoellick arrived in June. Since then, the 54-year-old former deputy secretary of state and U.S. trade representative has traveled to Asia and Africa, seeking to restore confidence in the bank's mission.Founded in 1944 to rebuild a destroyed Europe, the World Bank now lends $24 billion a year to countries in Africa, Asia and Latin America.Speaking in Washington at the National Press Club today, Zoellick said the bank's chief goal is to embrace globalization, without leaving the "bottom billion" of the world's poorest behind.