Saturday, March 24, 2012

Position Available: President, World Bank

A US-nominated Korean-born president of an Ivy League university, Nigeria's finance minister and a Colombian economist have been confirmed as the three candidates contesting to become the next leader of the World Bank.

US President Barack Obama, whose country traditionally selects the president of the global lender, said on Friday that it was nominating Jim Yong Kim for the role.

  alJazeera
Because the other choices are black and Latino? (A finance minister, or an economist for the World Bank position?  Gasp!)  And if the US “traditionally” selects the president, why does anyone else bother to “contest”? Jim, or Kim, may have been born in Korea, but he's been in the US since he was five years old and is the president of Dartmouth College. He is also big in health organizations, so how that qualifies him for heading up the World Bank, I do not know, but I suppose it's as good a background as Paul Wolfowitz had.
US economist Jeffrey Sachs, who had also been put forward for the job by a group of smaller countries, withdrew and threw his support behind Kim.

He had cast his uphill candidacy as an effort to break Washington's penchant for political appointments.

A Canadian government source said Canada would back Kim and South Korea, his childhood home, also indicated support.

Russia has refrained from publicly backing a non-US candidate and has instead called for a greater role for emerging market countries in other top positions at global financial institutions.

India said it wanted to consult the other so-called BRICS countries - Brazil, Russia, China and South Africa - before deciding, and Mexico also said it was keeping an open mind.

The World Bank board of member countries has promised to make a decision by the time of the IMF and World Bank semi-annual meetings on April 21.
What do think? Jim Yong Kim?

Take a look at the list of past presidents.

...but hey, do what you want...you will anyway.

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