Jim Yong Kim: Re-Appointed as President of World Bank [ Current Affairs ]
The Executive Directors of the World Bank have re-appointed Jim Yong Kim as President for a second five-year term, the new term starts from 1 July 2017. He was the only candidate in a process.
About Jim Yong Kim
- Born on 8th December 1959 at Seoul in South Korea.
- South Korean-American physician and anthropologist.
- Appointed as 12th president of World Bank in 2012 (succeeding Robert Zoellick).
- Served as Chair of Department of Global Health and Social Medicine at Harvard Medical School and as is regarded as a global health leader.
- Listed in world’s 50th most powerful Index in 2013 by the Forbes Magazine.
- Co-founded Dartmouth College and served as its executive director from 2009 to 2012.
- First Asian American to become the president of an Ivy League institution.
- Completed his graduation with magna cum laude in human biology during 1982.
- Completed M.D. in 1991 from Harvard Medical School.
- Awarded PhD in anthropology at Harvard University in 1993.
About World Bank
- International financial institution providing loans to developing countries to implement capital programs.
- Divided in two institutions:
- The International Bank for Reconstruction and Development (IBRD)
- The International Development Association (IDA)
- Founded in July 1944.
- Headquartered at Washington DC, United States.
- Motto: Working for a World Free of Poverty.
- Goal: reduction of poverty
- IBRD has 189 member countries and IDA has 173 member countries.
- Is one of five components of the World Bank Group- a part of the United Nations.
- Published on: September 28, 2016