World Bank President Robert Zoellick, who was nominated by President George W. Bush in 2007, said he will leave the institution when his five-year term ends June 30.

"Together we have focused on supporting developing countries to navigate crises and adjust to global economic shifts," Zoellick, 58, said in an e-mailed statement today. "The bank is now strong, healthy and well positioned for new challenges, and so it is a natural time for me to move on and support new leadership."

... President Barack Obama may nominate Lawrence Summers, his former National Economic Council adviser, to replace Zoellick, two people familiar with the matter said last month. Secretary of State Hillary Clinton is also being considered, one of the people said.