World Bank unanimously reappoints President Jim Yong KimThe board of the World Bank has unanimously agreed to name Jim Yong Kim to a second term as president, the global lender announced Tuesday. (AFP PHOTO / NICHOLAS KAMM) / mb.com.ph This file photo taken on June 1, 2016 shows World Bank president Jim Yong Kim as he speaks during a conversation entitled Preventing The Next Pandemic at the Center for International and Strategic Studies (CSIS) in Washington. (AFP PHOTO / NICHOLAS KAMM) / mb.com.phKim had been the only candidate in a process criticized by World Bank staff and campaigners as lacking in transparency and dominated by the United States. Following an unwritten rule, the United States, the Bank’s largest shareholder, has chosen all World Bank presidents since the institution’s creation after the Second World War. However, the Bank’s staff association last month delivered a stinging broadside, citing high levels of disaffection among its 15,000 employees and asserting that the Bank faced a “crisis of leadership.”

Source: Manila Bulletin September 27, 2016 20:15 UTC