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American Jim Yong Kim chosen as World Bank chief
Source: Xinhua |
April 17, 2012, Tuesday
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JIM Yong Kim, a US candidate and president of Dartmouth University, has been selected to head the World Bank, the Washington-based global lender announced the decision yesterday with little suspense.
While announcing the appointment, the Bank's 25-member executive board expressed deep appreciation to all the nominees, saying their candidacies have enriched the discussion of the role of the chief and of the Bank's future direction.
Kim was favored over Nigerian Finance Minister Ngozi Okonjo-Iweala, the other candidate who was supported by South Africa and other developing countries. He was considered as almost certain to win since United States is the largest shareholder of the Bank.
A third candidate, former Colombian Minister of Finance Jose Antonio Ocampo, pulled out of the race last Friday.
US President Barack Obama expressed confidence that Kim would be an inclusive leader who would bring to the Bank "a passion for and deep knowledge of development." US Treasury Secretary Timothy Geithner welcomed the Bank's decision to pick Kim as the new chief, saying Kim's deep development background coupled with his dedication to forging consensus would help "breathe new life" into the Bank.
In response to his selection, Kim said in a statement that he would seek a new alignment of the World Bank Group with a rapidly changing world.
"Together, with partners old and new, we will foster an institution that responds effectively to the needs of its diverse clients and donors; delivers more powerful results to support sustained growth; prioritizes evidence-based solutions over ideology; amplifies the voices of developing countries; and draws on the expertise and experience of the people we serve," Kim noted.
A Korean-American public health expert, Kim is set to assume his post on July 1. The current president Robert Zoellick, who will step down when his term expires at the end of June, offered his support in ensuing a successful transition.
While announcing the appointment, the Bank's 25-member executive board expressed deep appreciation to all the nominees, saying their candidacies have enriched the discussion of the role of the chief and of the Bank's future direction.
Kim was favored over Nigerian Finance Minister Ngozi Okonjo-Iweala, the other candidate who was supported by South Africa and other developing countries. He was considered as almost certain to win since United States is the largest shareholder of the Bank.
A third candidate, former Colombian Minister of Finance Jose Antonio Ocampo, pulled out of the race last Friday.
US President Barack Obama expressed confidence that Kim would be an inclusive leader who would bring to the Bank "a passion for and deep knowledge of development." US Treasury Secretary Timothy Geithner welcomed the Bank's decision to pick Kim as the new chief, saying Kim's deep development background coupled with his dedication to forging consensus would help "breathe new life" into the Bank.
In response to his selection, Kim said in a statement that he would seek a new alignment of the World Bank Group with a rapidly changing world.
"Together, with partners old and new, we will foster an institution that responds effectively to the needs of its diverse clients and donors; delivers more powerful results to support sustained growth; prioritizes evidence-based solutions over ideology; amplifies the voices of developing countries; and draws on the expertise and experience of the people we serve," Kim noted.
A Korean-American public health expert, Kim is set to assume his post on July 1. The current president Robert Zoellick, who will step down when his term expires at the end of June, offered his support in ensuing a successful transition.
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