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Summary Jim Yong Kim has been chosen to be the next president of the World Bank.
Jim Yong Kim, an American who is president of Dartmouth College, has been chosen to be the next president of the World Bank. His selection extends the U.S. hold on the top job at the 187-nation development agency.Kim, a surprise nominee of President Barack Obama, was selected in a vote by the World Banks 25-member executive board. Hell succeed Robert Zoellick, whos stepping down after a five year term.Developing nations waged an unsuccessful challenge to Kim, 52, a physician and pioneer in treating HIV/AIDS and tuberculosis in the developing world.Kims selection marks a break from previous World Bank leaders who were typically political, legal or economic figures.The World Bank raises money from its member nations and borrows from investors to provide low-cost loans to developing countries.
