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World Bank picks 'US choice' Jim Yong Kim as new chief | | The World Bank has named Korea-born American health expert Jim Yong Kim as its new president. Kim, a 52-year-old US health expert and educator was chosen over Nigerian Finance Minister Ngozi Okonjo-Iweala. Directors of the
bank expressed 'deep appreciation' for Kim, Okonjo-Iweala and a third candidate,
Colombian economist Jose Antonio Ocampo, who recently pulled out of the race,
The Telegraph reports. "Their candidacies enriched the discussion of the role
of the president and of the World Bank Group's future direction," the Bank said
in a statement. "The final nominees received support from different member countries,
which reflected the high caliber of the candidates," it added. Kim will replace
outgoing President Robert Zoellick, the former US diplomat who is departing in
June at the end of his five-year term. America has held the presidency since the
World Bank's founding after World War Two, while a European has always led its
sister institution, the International Monetary Fund.
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