World Bank President Jim Yong Kim Is Nominated for a Second Term - News Summed Up

World Bank President Jim Yong Kim Is Nominated for a Second Term


PhotoWASHINGTON — President Obama on Thursday nominated Jim Yong Kim for a second five-year term as president of the World Bank despite persistent complaints among employees about his leadership at a time when the mission of the global development institution is in question. A letter this month to the bank board from the staff association, which urged consideration of other nominees, reflected both concerns — with Mr. Kim and the Americans-only tradition. Mr. Kim was born in South Korea but moved to the United States as a child and became a citizen. Mr. Kim, a former president of Dartmouth College, did not have the experience in economics and development finance typical of past bank presidents. In 2012, Obama officials lobbied scores of finance ministers for Mr. Kim, and dispatched him to meet some.


Source: International New York Times August 25, 2016 15:25 UTC



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