World Bank presidency: Okonjo-Iweala loses to Kim, accepts defeat
AS widely predicted, the United States candidate for the World Bank presidency, Mr. Jim Yong Kim, on Monday beat Nigeria’s Finance Minister, Dr. Ngozi Okonjo-Iweala, to emerge the 12th president of the Bretton Woods institution.
Executive Directors of the World Bank selected Kim, a 52-year-old US health expert and educator, over Okonjo-Iweala, an economist, who had worked for the bank for over 20 years.
Culled from PUNCH
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