" WASHINGTON (AP) — President Barack Obama on Friday nominated Dartmouth College president and global health expert Jim Yong Kim to lead the World Bank, an unconventional pick that could help to quell criticism in the developing world of the U.S. stranglehold on the international organization’s top post.
Obama said Kim, a Korean-born physician and pioneer in the treatment of HIV, AIDS and tuberculosis, has the breadth of experience on development issues needed to carry out the financial institution’s anti-poverty mission.
“It’s time for a development professional to lead the world’s largest development agency,” Obama said Friday morning during a Rose Garden ceremony.
Obama was joined by Kim, Treasury Secretary Timothy Geithner and Secretary of State Hillary Clinton, who first recommended that Obama consider Kim for the World Bank post.
The 187-nation World Bank focuses on fighting poverty and promoting development. It is a leading source of development loans for countries seeking financing to build dams, roads and other infrastructure projects.
Since its founding in 1944, the World Bank has always been headed by an American "
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by Jackie Northam Jim Yong Kim, 52, who immigrated from Korea at age five, is currently the president of Dartmouth College. He faced an international campaign challenging his nomination to lead the massive global development bank.Read more
Dr. Jim Yong Kim, President Obama's pick, is the new President of the World Bank. Dartmouth College President Jim Yong Kim listens while US President Barack Obama speaks in the Rose Garden of the White House on on March 23, 2012 in Washington, DC.Read more
Many assumed Obama would take the traditional route and opt for a former diplomat or a seasoned economist like Jeffrey Sachs. Others thought it would be Hillary Clinton. Few thought it would be Jim Yong Kim, President of Dartmouth College, ...Read more
That's less of a stretch than it may seem, considering Obama's nominee to head the World Bank, current Dartmouth College President Jim Yong Kim. Kim's expertise is in health policy, so little is known about his views on economic development, ...Read more