World Bank reappoints Jim Yong Kim as president for a five-year term

The World Bank on Tuesday reappointed Jim Yong Kim to a five-year term as president of the multilateral development lender after the nomination period closed without any challengers coming forward

The World Bank on Tuesday reappointed Jim Yong Kim to a five-year term as president of the multilateral development lender after the nomination period closed without any challengers coming forward.

World Bank President Jim Yong Kim arrives at the Elysee Palace in Paris, France. (Reuters File Photo)

Kim, an American citizen, was unanimously chosen by the bank’s executive directors for a term that begins on July 1, 2017, the World Bank said in a statement.