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Monday, April 16, 2012

Okonjo-Iweala Fails, Jim Yong Kim Wins... World Bank Presidency

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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