[b]WASHINGTON — The World Bank on Monday named Jim Yong Kim, a global health expert and the president of Dartmouth College, as its next president in a widely expected appointment that continues the longstanding tradition of an American leading the Washington-based development institution.
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Pool photo by Andrew Harrer

Jim Yong Kim was named the next president of the World Bank, and will replace Robert B. Zoellick at the end of June.

Dr. 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.

While the selection of Dr. Kim by the bank's 25-member executive board was no surprise, the board had, for the first time, considered more than one candidate, a reflection of the increasing clout of emerging-market nations on the global stage.

Numerous African countries had rallied around Ngozi Okonjo-Iweala, the Nigerian finance minister and former World Bank managing director. José Antonio Ocampo, the former Colombian central banker and United Nations official, was also a candidate.

Ms. Okonjo-Iweala and Mr. Ocampo always faced long odds, given the composition of the World Bank board: Europe, the United States and Japan control about half of the voting shares. But their candidacies reignited a debate over Washington’s continued control of the institution.

The bank itself has granted more power recently to countries like China, Brazil and India, as these cash-rich and fast-growing economies are called on to finance development programs and multilateral institutions, not just to receive financing from them. In 2010, the World Bank increased the relative voting share of emerging economies. It also committed to an open, transparent and merit-based presidential selection process.

But those trends have not yet resulted in a non-American rising to the top of the organization. Traditionally, an American oversees the World Bank, which finances a wide variety of private and public development projects, while a European heads the International Monetary Fund.

After the White House nominated Dr. Kim in March, he went on an around-the-world “listening tour” to rally support for his candidacy. Dr. Kim won the support of countries including Canada, Mexico, South Korea, Japan and Russia.

In a recent interview, Dr. Kim stressed that he wanted to make the bank as inclusive as possible, while achieving its mission of eradicating poverty and supporting economic development.

He also said he wanted to make the bank’s programs more data-driven. “There’s no one-size-fits-all. There’s no big idea that will lead to economic growth for everybody,” he said. “I think we must be evidence-based and evidence-driven, and we must pay attention to local contexts.”

Dr. Kim is a lauded global health expert, a physician and anthropologist by training. He is a founder of Partners In Health, a nonprofit that runs community-focused health programs in poor countries. He also worked at Harvard University and the World Health Organization, where he spearheaded a program to deliver antiretroviral treatments to people living with H.I.V./AIDS. Since 2009, he has been the president of Dartmouth College.

The World Bank board made its decision in advance of its spring meetings, held jointly with the International Monetary Fund later this week. [/b]

http://www.nytimes.com/2012/04/17/business/global/world-bank-officially-selects-kim-as-president.html?smid=tw-nytimes&seid=auto

Hmmm..... international politics finally played out

The fact that she was even being discussed as a possible head of an international financial institution is an important achievement in its own right.

Let me ask you all this, when was the last time you seen a black person, let alone a black woman, being discussed as a possible head of an international financial institution? Answer: Never

That is bad..but hey it happens. Great effort from NOI

loser

Life goes on. The Bank is not for the developing countries.

[size=16pt]So let it be known that Nigerians are not all that bad.
When they were looking for a new Pope
It was said that a Nigerian was most likely to become the new Pope then.
A Nigeria almost became the world bank president.
Nigerians are the most educated Immigrants in the USA
Nigerians are working hard in all kinds of professional and manual jobs around the world.

BUT YOU NIGERIANS - STOP CALLING EACH OTHER DAMAGING NAMES

If Okonjo were to win that post, the damaging names from Nigerians alone is enough for the damage.[/size]

America shows dominance again.

Ok

After waiting patiently 4 ds news; i feel so sad that she wasn't chosen.

Twas expected . .was glad she exhibited confidence and desire for the coveted office . . .Even though she lost . . .she has created an impression for other aspiring candidates from the developing nations

International politics.

nna na waoo! ifu kwa?
so ndia ne useuu man know ma kwa?
so no be be only 9ja the thing for they happen?

nna!! meeen!! dis is bull Shhit!

ara ga gban ndi ara!


( Eku Subsidy oh!
)
/ \ ,
' ‎​

Welcome back madam..
U dun try..

please re-focus on strengthening your own economy. . .

jmaine: Twas expected . .was glad she exhibited confidence and desire for the coveted office . . .Even though she lost . . .she has created an impression for other aspiring candidates from the developing nations

That is the most important aspect about her quest for that coveted office. And she did so as an African woman.

A nice try Ma'am.

OMG..OMG....I am disappointed...............This is Ojoro-at the Internetional level

What was the problem? A black American President and Black Female President of the world bank, too much progress for the fascist state of America. America should try and practice wat they preach.

I am laughing in igbo, i told u, u people u refuse to agree with me.

Congratulations to mr kim

So FAVOURITISM is not common only to Nigeria...?
Dis is a POOR example by d so called "Biggest Democracy"

hmmmmmm........politics

Makes one wonder why a select few world powers has more than 50% voting right(veto)? Yet we all clamour for democracy. The US nomination of an Asian American was actually a very smart political move. Many lessons in international politics from this!

I'm happy!! This nation needs her now. Look at how the house lobbied for her..they all want her out so they can continue with Business as usual...God has answered prayers. She should stay and complete her work in Nigeria abeg.

International PDP greater than Nigeria PDP.

I didn't expect anything less.

juman: Life goes on. The Bank is not for the developing countries.

Yea, we should swallow our pride and embrace our own that has made us proud. I think her world class experience will be better used down here.

Okonjo iweala pls come back and lets discuss on how 2 finally remove subsidy on fuel...rubbish.

Just because she is black and african.