World Bank Names New President

Tuesday, April 17, 2012 - 16:54
The World Bank chooses Korean-born American as new president

The World Bank has chosen Korean-born American health expert, Jim Yong Kim, as its new president.

Kim, won the job over Nigeria's widely respected finance minister, Ngozi Okonjo-Iweala, with the support of Washington's allies in Western Europe, Japan and Canada.

In a statement, Nigeria’s Finance Minister, Ngozi Okonjo-Iweala, who was vying for the post, congratulated Kim and said she looks forward to working with him.

However, Okonjo-Iweala said that the selection process needs to be improved.

To read the article titled, “World Bank names new leader,” click here.

Independent Online

Add Comments

Login or register to post comments