x Abu Dhabi, UAESaturday 22 July 2017

US health expert Jim Yong-kim wins World Bank presidency

The World Bank chooses the Korean-born health expert as its new president, maintaining Washington's grip on the job and leaving developing countries questioning the selection process.

WASHINGTON // The World Bank yesterday chose the Korean-born American health expert Jim Yong-kim as its new president, maintaining Washington's grip on the job and leaving developing countries questioning the selection process.

Mr Kim, 52, won the job over Nigeria's widely respected finance minister, Ngozi Okonjo-Iweala, with the support of Washington's allies in Western Europe, Japan, Canada and some emerging market economies, including Russia, Mexico and South Korea. Unlike previous World Bank elections, the decision was not unanimous.

"The final nominees received support from different member countries, which reflected the high calibre of the candidates," the Bank said in announcing its board's decision.

Mr Kim, the president of Dartmouth College, will assume his new post on July 1 after the Bank's president, Robert Zoellick, steps down.

The United States has held the presidency since the World Bank's founding after the Second World War, while a European has always led its sister institution, the International Monetary Fund.

Unlike previous heads of the World Bank, Mr Kim is not a politician, a banker or diplomat.

He is a trained physician and anthropologist who has worked to bring health care to the poor in developing countries, whether fighting tuberculosis in Haiti and Peru or tackling HIV/AIDS in Russian prisons.

There had been a three-way contest for the presidency of the poverty-fighting institution until Friday, when the former Colombian finance minister Jose Antonio Ocampo withdrew. He said the process had become highly political instead of merit based.

The South African finance minister Pravin Gordhan welcomed the fact that non-Americans competed for the post for the first time but also said there were concerns the process was not fully merit-based.

The US president, Barack Obama, nominated Mr Kim last month.

He had not been mentioned as a possibility and his choice was a surprise. But his nomination won widespread praise because of his extensive experience working to improve health in the poorest countries.