Kim Will ‘Breathe New Life’ Into World Bank: US

AFP – The United States said Korean-American physician Jim Yong Kim will bring a fresh perspective to the World Bank, after Kim, the US nominee, was named as the development bank’s next president Monday.

“I welcome today’s decision by the World Bank Board of Directors to select Dr. Jim Yong Kim as the institution’s next president,” said US Treasury Secretary Timothy Geithner in a statement.

“Dr. Kim has a lifetime of experience solving complex problems.

“His deep development background coupled with his dedication to forging consensus will help breathe new life into the World Bank’s efforts to secure fast economic growth that is widely shared.”

Departing Bank chief Robert Zoellick called Kim, whose appointment breaks a tradition of bankers and diplomats heading the Bank, “an impressive and accomplished individual.”

“Jim has seen poverty and vulnerability first-hand, through his impressive work in developing countries,” Zoellick said.

“His rigorous, science-based drive for results will be invaluable for the World Bank Group as it modernizes to better serve client countries in overcoming poverty.”

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