World Bank chief unopposed for second term

Written by on September 23, 2016

South Korean-American president of the World Bank, Jim Yong Kim stands unopposed for a second term, with an invaluable endorsement by the US Treasury Department.download-4
In keeping with an unbroken tradition, the US nominee will again fill the presidency at the World Bank, while the International Monetary Fund remains in European hands as Christine Lagarde also unopposed, began a second term as managing director in July.
A medical doctor and former president of Dartmouth College, Kim won plaudits for mobilizing the Bank against the 2014 Ebola crisis in West Africa and taking action against climate change, as well as for setting a goal of eradicating extreme poverty by 2030 all while expanding World Bank lending.
The fifty-six-year-old will sit for interviews with the Bank’s board before being formally crowned next month. His second five-year term is due to begin in July next year


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