WASHINGTON - World Bank President Jim Yong Kim effectively won a second five-year term after nominations to lead the global development bank closed on Wednesday with no other candidates proposed. Kim, 56, a Korean-American medical doctor who has focused the World Bank on programs to reduce extreme poverty, earned solid backing for a second term from the United States, France, Germany, China, and other major shareholders of the bank. Following an unwritten rule, since the World Bank was created in the wake of World War II to help rebuild the global economy, its leader has always been an American chosen by Washington. "Only one in three understand where the senior management team is leading us," the Staff Association said in its letter. "Even fewer believe that our senior management creates a culture of openness and trust."
Source: Viet Nam News September 15, 2016 00:22 UTC