The World Bank has chosen Jim Yong Kim as the next president, despite the increasingly strong opposition of developing countries. Announcing the new appointment, the executive directors of the World Bank thanked the outgoing President, Robert B. Zoellick, and the other two candidates: the Nigerian finance minister Ngozi Okonjo – Iweala and Jose Antonio Ocampo, former Minister of Finance in Colombia.
But in recent years, officials of emerging economies in Asia, Africa and Latin America have sought greater representation. Kim has been endorsed by President Obama and other prominent American leaders.
Although Kim is known for his achievements in the world, including in the field of global health, not a great expert in the field of finance, like the other two candidates.
Kim, 52, has spent most of his career as an educator and leader to the cause of global health. Kim is a former director of the World Health Organization Department of HIV and is co-founder of Partners in Health, a nonprofit organization based in Boston and working with poor communities in Haiti, Peru, Russia, Rwanda and other countries in the world to provide medical assistance and basic social services to them.
Kim moved with his family in the United States from South Korea at age 5 and grew up in Muscatine, Iowa. He graduated from Brown University and received his medical degree at Harvard.
Kim will now begin its five-year term as president of the World Bank in the month of July, with the goal, as also confirmed by Barack Obama, to aim to finance development and poverty reduction. So the important role of this institution, which is one of the largest institutions in the world ever.