World Bank chooses Asian-American as new President

Health expert and Dartmouth College President Jim Yong Kim won the World Bank’s top spot Monday, allowing the US to maintain the control it’s had on the World Bank since World War II.  Born in Korea, Kim was supported by the US and the Philippines as well as other countries like Japan and Canada.  He beat a favorite among developing nations, Ngozi Okonjo-Iweala, the Nigerian finance minister, in what observers say was a hotly-contested race.  Kim’s nomination was a suprise: his areas of expertise hint at emerging problems ahead.

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