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US Doctor Named As New World Bank Head

3 years agoNews : The Coming Crisis

The World Bank has named US doctor Jim Yong Kim its next president. The appointment came as Mr Kim's only rival, Nigerian Finance Minister Ngozi Okonjo-Iweala, lashed out at Washington's perennial lock on the job.The US nominee faced a challenge for the first time ever.But there was little doubt that the Bank's most powerful shareholders - the United States, Europe and Japan - would support the Korean-American for the powerful job doling out money to developing countries.
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