Apr 17, 2012 at 12:24 pm by
US nominee Jim Yong Kim was chosen as the next president of the World Bank on April 16, an appointment that continues the longstanding tradition of an American leading the Washington-based institution.
- Kim, 52, will take over at the beginning of July, after the current president, Robert B Zoellick, steps down at the end of his five-year term.
- Seoul-born Kim is currently president of Dartmouth College.
- Kim is a co-founder of Partners in Health (PIH) and a former director of the Department of HIV/AIDS at the World Health Organization (WHO).
- Dr Kim was selected from three candidates. The other two were Jose Antonio Ocampo, the former Colombian central banker and United Nations official and Ngozi Okonjo-Iweala.
- The World Bank President is Chair of the Boards of Directors of the International Bank for Reconstruction and Development (IBRD) and the International Development Association (IDA).
- He is also ex officio Chair of the Boards of Directors of the International Finance Corporation (IFC), the Multilateral Investment Guarantee Agency (MIGA), and the Administrative Council of the International Centre for Settlement of Investment Disputes (ICSID).