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Kim chosen to head World Bank, extending US monopoly on job

By Bloomberg News

 |   

  April 16, 2012

Jim Yong Kim was chosen to be president of the World Bank, becoming the first physician and Asian-American to head the lender after emerging markets failed to rally around a challenger to the US monopoly on the job. The World Bank board of directors said Monday it chose Dartmouth College president Kim to succeed Robert Zoellick, whose term ends June 30. A specialist in HIV/AIDS with a Ph.D. in anthropology, Kim, 52, faced rival bids from Nigeria and Colombia.

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