WASHINGTON (AP) - Jim Yong Kim, an American who is president of
Dartmouth College, has been chosen to be the next president of the
World Bank. His selection extends the U.S. hold on the top job at the 187-nation development agency.
Kim, a surprise nominee of President Barack Obama, was selected in a vote by the World Bank's 25-member executive board. He'll succeed Robert Zoellick, who's stepping down after a five year term.
Developing nations waged an unsuccessful challenge to Kim, 52, a
physician and pioneer in treating HIV/AIDS and tuberculosis in the
Kim's selection marks a break from previous World Bank leaders who were typically political, legal or economic figures.
The World Bank raises money from its member nations and borrows
from investors to provide low-cost loans to developing countries.
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