World Bank Chooses U.S.-Backed Kim To Be Its Next President
The World Bank's executive directors have chosen Dr. Jim Yong Kim to be the development agency's next president.
Kim, who most recently has been president of Dartmouth College, is a former director of the Department of HIV/AIDS at the World Health Organization who was nominated to the post last month by President Obama.
By tradition, the bank's directors have followed the USA's lead when it comes to choosing a president — though there was some competition for the post this time. When he selected Kim, Obama said it is "time for a development professional to lead the world's largest development agency."
Kim's 5-year term is set to begin on July 1. He succeeds Robert Zoellick.