World Bank’s Executive Directors Select Dr. Jim Yong Kim 12th President of the World Bank Group
The Executive Directors met today to select a new President of the World Bank Group. The Board expressed its deep gratitude for Mr. Robert B. Zoellick’s outstanding leadership and his dedication to reducing poverty in its member countries, the core mandate of the World Bank Group.
Source : https://www.marocafrik.com/english/World-Bank-s-Ex...
The Executive Directors followed the new selection process agreed in 2011 which, for the first time in the Bank’s history, yielded multiple nominees. This process included an open nomination where any national of the Bank’s membership could be proposed by any Executive Director or Governor, publication of the names of the candidates, interviews of the candidates by the Executive Directors, and final selection of the President.
The Executive Directors selected Dr. Jim Yong Kim as President for a five-year term beginning on July 1, 2012. The President is Chair of the Boards of Directors of the International Bank for Reconstruction and Development (IBRD) and the International Development Association (IDA). The President is also ex officio Chair of the Boards of Directors of the International Finance Corporation (IFC), the Multilateral Investment Guarantee Agency (MIGA), and the Administrative Council of the International Centre for Settlement of Investment Disputes (ICSID).
The Executive Directors, expressed their deep appreciation to all the nominees, Jim Yong Kim, José Antonio Ocampo and Ngozi Okonjo-Iweala. Their candidacies enriched the discussion of the role of the President and of the World Bank Group’s future direction.The final nominees received support from different member countries, which reflected the high caliber of the candidates. They look forward to working with Dr. Kim when he assumes his responsibilities, the World Bank statement concludes.
Jim Yong Kim was President Obama's choice for President of the World Bank and Washington's allies in Western Europe, Japan, Canada and some emerging market economies, including Russia, Mexico and South Korea.Other countries have questioned the fairness of the election process and José Antonio Ocampo withdrew from the contest saying it was a " political exercise."
The Executive Directors selected Dr. Jim Yong Kim as President for a five-year term beginning on July 1, 2012. The President is Chair of the Boards of Directors of the International Bank for Reconstruction and Development (IBRD) and the International Development Association (IDA). The President is also ex officio Chair of the Boards of Directors of the International Finance Corporation (IFC), the Multilateral Investment Guarantee Agency (MIGA), and the Administrative Council of the International Centre for Settlement of Investment Disputes (ICSID).
The Executive Directors, expressed their deep appreciation to all the nominees, Jim Yong Kim, José Antonio Ocampo and Ngozi Okonjo-Iweala. Their candidacies enriched the discussion of the role of the President and of the World Bank Group’s future direction.The final nominees received support from different member countries, which reflected the high caliber of the candidates. They look forward to working with Dr. Kim when he assumes his responsibilities, the World Bank statement concludes.
Jim Yong Kim was President Obama's choice for President of the World Bank and Washington's allies in Western Europe, Japan, Canada and some emerging market economies, including Russia, Mexico and South Korea.Other countries have questioned the fairness of the election process and José Antonio Ocampo withdrew from the contest saying it was a " political exercise."
Source : https://www.marocafrik.com/english/World-Bank-s-Ex...