Jim Yong Kim, the American nominee has been named the next
President of the World Bank according to sources within the bank. Mr.
Kim was nominated by United States President Barak Obama last month to
replace Robert Zoellick, who has held the position since 2007.
Earlier in the day, Nigeria’s Ngozi Okonjo-Iweala surprisingly
admitted she did not really expect to be named to the coveted position.
She told journalists, “You know this thing is not really being decided
on merit…It is voting with political weight and shares, and therefore
the United States will get it."
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