The Bush Administration seems likely to appoint U.S. Trade Representative Robert Zoellick to the Presidency of the World Bank.
Colin Powell had been mentioned for the position, but he has made it clear he wouldn't accept the position if it were offered to him.
James Wolfensohn had reoriented the Bank so nicely that it's sad to see him go. Hopefully, Zoellick will continue Wolfensohn's more enlightened leadership.