World Bank President Jim Yong Kim formally declared his intention to seek a second term, as the bank’s executive directors approved a new, three week process to select the institution’s next leader.
In a board meeting Tuesday, the bank’s executive directors expressed “unanimous support for an open, merit-based and transparent selection, with nominations open to all member countries and transparent consideration of all candidates by the board.” Countries will have until Sept. 14 to submit nominees to challenge Kim.
Although more open to outside input than in the past, the relatively short window for nominations seems to pave the way for Kim’s reappointment. It has disappointed critics within the bank who had called for a more competitive selection process.
About the author
Michael Igoe@AlterIgoe
Michael Igoe is a Senior Reporter with Devex, based in Washington, D.C. He covers U.S. foreign aid, global health, climate change, and development finance. Prior to joining Devex, Michael researched water management and climate change adaptation in post-Soviet Central Asia, where he also wrote for EurasiaNet. Michael earned his bachelor's degree from Bowdoin College, where he majored in Russian, and his master’s degree from the University of Montana, where he studied international conservation and development.
