Jim Yong Kim begins his term as president of the World Bank on Sunday, taking over from fellow U.S. citizen Robert Zoellick.
Mr. Kim, a physician who co-founded the non-governmental organization
Partners in Health and helped pioneer public health strategies against
tuberculosis and AIDS, was also president of Dartmouth College in New
Hampshire.
Mr. Zoellick will serve as a distinguished
visiting fellow at the Peterson Institute for International Economics
in Washington, the think tank announced last week.
Since the World Bank and the International Monetary Fund (IMF) were
established in 1944, a European has always headed the crisis-lending IMF
while its sister development agency has been led exclusively by
Americans.
Developing nations have pushed in recent
years for a greater say in the international finance system and have
sought to have one of their own lead at least one of the two
Washington-based institutions.
The processes that led
to the appointments of Mr. Kim at the World Bank and French finance
minister Christine Lagarde as IMF chief were officially open but still
ended with the U.S.-European consensus.
After being
named to the post in April, Mr. Kim said he would “seek a new alignment
of the World Bank Group with a rapidly changing world. Together, with
partners old and new, we will foster an institution that responds
effectively to the needs of its diverse clients and donors.”
DPA
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