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World Bank chief Jim Yong Kim heads for 2nd 5-year term
World Bank President Jim Yong Kim effectively won a second five
year term after nominations to lead the global development bank closed on
Wednesday with no other candidates proposed.
The World Bank executive board said in a statement that, following
official procedures, it would formally meet with Kim as a candidate with the
expectation of completing the selection process by the 2016 Annual Meetings,
which take place on 7th to 9th of October.
Kim, a Korean-American medical doctor who has focused the World
Bank on programs to reduce extreme poverty, earned solid backing for a second
term from the United States, France, Germany, China, and other major
shareholders of the bank.
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