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World Bank boss secures another term

Board members cite “leadership and vision” of Jim Yong Kim after re-appointing him as president of the World Bank. ||| Washington - Jim Yong Kim was appointed for another five-year term as World Bank president, maintaining continuity at the development bank amid a growing debate about how fairly globalisation’s benefits are being shared. In re-appointing Kim, the board cited his “leadership and vision”, which included overseeing a commitment by member nations to end extreme poverty by 2030 and boost income growth for the bottom 40 percent of earners in every developing nation, the lender said in an emailed statement on Tuesday.
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