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    Jim Yong Kim re-appointed as President of World Bank for second term

    Posted on: 2016-09-28 Posted by: CLAT Gurukul Category: Archive Blog

    Jim Yong Kim has been re-appointed as President of World Bank for a second five-year term beginning 1 July 2017. He was unanimously chosen by the Executive Directors of the World Bank. He was the only candidate in a process. About Jim Yong Kim Jim Yong Kim is a South Korean-American physician and anthropologist. He is the 12th President of the World Bank and for first time was appointed in 2012. He was a global health leader and was formerly the Chair of Department of Global Health and Social Medicine at Harvard Medical School. The Forbes Magazine had named him in its list of the world’s 50th most powerful in 2013. About World Bank The World Bank is an international financial institution that provides loans to developing countries for capital programs. It comprises two institutions: the International Bank for Reconstruction and Development (IBRD), and the International Development Association (IDA). Formation: July 1944. Headquarters: Washington DC, United States. Motto: Working for a World Free of Poverty. Membership: 189 countries (IBRD), 173 countries (IDA) The World Bank is one of the five components of the World Bank Group, which is part of the United Nations system. Source: The Times of India  

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