U.S. Nominee to chair the World Bank traveling to Africa, Asia and Latin America

| March 27, 2012


Jim Yong Kim, the U.S. nominee to head the World Bank (WB), travels from this Tuesday until April 9 in Africa, Asia and Latin America to hear opinions on the future of the institution in the process of choice.

The Treasury Department today announced U.S. tour, including Ethiopia, China, Japan, South Korea, India, Brazil and Mexico with the intention that Kim meets with heads of state, finance ministers and other members civil society to hear proposals on the future of the World Bank.

According to the release of the Treasury, Kim aim of this journey through three continents that are more WB help gather ideas and views on how the multilateral development bank can improve in promoting growth, fight poverty and create jobs.

In addition, the trip will be an opportunity for Kim to achieve the necessary support to prevail in the election to the other two candidates: former Minister of Finance Jose Antonio Ocampo Colombian and Nigerian minister Ngozi Okonjo-Iweala.

The Bank’s Executive Board intends to select a successor to Robert Zoellick, the outgoing president, for the spring meetings of the body, to be held from 20 to 22 April.

Kim, a medical doctor and anthropologist by training, South Korean origin but naturalized American, he presided from 2009 the Dartmouth College, one of the most prestigious universities in the United States east coast and is known for its achievements in the fight against AIDS in the world.

Chosen by the White House, which most likely to proclaim himself the new president of the WB, will compete against candidates from emerging countries, which is increasing pressure to put an end to the “gentlemen’s agreement” whereby a U.S. chairman of this bank and a European Monetary Fund (IMF).

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