Japan says Yes to US nominee to head World Bank
12 years, 11 months ago

Japan says Yes to US nominee to head World Bank

Firstpost  

Jim Yong Kim, a physician and anthropologist, was named by the Obama administration in March as the US pick to succeed Robert Zoellick when he steps down in June. Tokyo: Japan will support Jim Yong Kim, the US nominee for the next World Bank head, Japanese Finance Minister Jun Azumi said on Sunday after meeting the candidate who is in Tokyo on his world tour to seek support for the candidacy. Kim, a Korean-American, will be contesting against two nominees from emerging market countries - Nigerian Finance Minister Ngozi Okonjo-Iweala and former Colombian Finance Minister Jose Antonio Ocampo - for the Washington-based institution’s top job. “We decided he is an extremely suitable candidate for the World Bank presidency and we will support him,” Azumi said, stressing his track record working on HIV/AIDs issues with the World Health Organisation. Azumi said that the right candidate for the job would understand Japan’s stance as a major contributor country and would be able reflect that in the World Bank’s policies.

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History of this topic

What will become of the World Bank if Trump triumphs, asks ALEX BRUMMER
5 months ago

What will become of the World Bank if Trump triumphs, asks ALEX BRUMMER

Daily Mail  

THE capacious headquarters of the World Bank and International Monetary Fund are separated from the White House by just a couple of city blocks. Support: Treasury Secretary Janet Yellen lavished praise on Ajay Banga's stewardship of the World Bank - but how useful would that prove under a Trump presidency? So it was a rare moment to see Treasury Secretary …

Ajay Banga poised to become World Bank chief unopposed
1 year, 11 months ago

Ajay Banga poised to become World Bank chief unopposed

Deccan Chronicle  

Washington: Indian-American business leader Ajay Banga is poised to become the next President of the World Bank after the nomination period closed and no country proposed an alternate candidate for the prestigious post. In February, President Joe Biden announced that the US would be nominating Banga to lead the World Bank because he is “well equipped” to lead the global …

Indian-Origin Ajay Banga Set to Become World Bank's Next President Unopposed
1 year, 11 months ago

Indian-Origin Ajay Banga Set to Become World Bank's Next President Unopposed

News 18  

Ajay Banga, the US nominee to lead the World Bank, appears almost certain to become the lender’s next president after the nominations closed on Wednesday with no other country proposing an alternate candidate. The World Bank had opened the nomination period late last month, saying at the time that its board would conduct formal interviews of the top contenders after …

China's Backing for Indian-American Ajay Banga to Head World Bank Doubtful
2 years ago

China's Backing for Indian-American Ajay Banga to Head World Bank Doubtful

News 18  

China on Wednesday sounded doubtful about backing Indian-American business leader Ajay Banga to lead the World Bank, saying it is “open” to supporting ”other potential candidates” based on merit. Asked whether China will back Banga, Chinese Foreign Ministry spokesman Wang Wenbin told a media briefing here that “we have noted the candidate nominated by the US side and are open …

US Pick for World Bank Ajay Banga Says 'Emission Heavy' Growth Model Outdated
2 years ago

US Pick for World Bank Ajay Banga Says 'Emission Heavy' Growth Model Outdated

News 18  

The United States’ candidate to head the World Bank, Ajay Banga, on Wednesday called for a revamp of the development model to better meet the challenge of climate change. The 63-year-old Indian American was last month nominated by US President Joe Biden to head the global lender after its current chief David Malpass announced plans to step down early. The …

US candidate for World Bank chief Ajay Banga urges development model revamp
2 years ago

US candidate for World Bank chief Ajay Banga urges development model revamp

Firstpost  

Nairobi : The United States’ candidate to head the World Bank, Ajay Banga, on Wednesday called for a revamp of the development model to better meet the challenge of climate change. The 63-year-old Indian American was last month nominated by US President Joe Biden to head the global lender after its current chief David Malpass announced plans to step down …

Russia considering challenge to US nominee to head World Bank
2 years ago

Russia considering challenge to US nominee to head World Bank

Al Jazeera  

Russia is consulting with its allies about challenging the United States’s nominee to head the World Bank, Moscow’s top representative at the bank has said, a move that could complicate what was expected to be a smooth succession process. Russia remains a voting member of the World Bank, although the bank halted all programs in Russia and Belarus last March, …

US Treasury Secretary Janet Yellen says World Bank nominee's credentials will overcome selection criticism
2 years, 1 month ago

US Treasury Secretary Janet Yellen says World Bank nominee's credentials will overcome selection criticism

Firstpost  

Bengaluru: US Treasury Secretary Janet Yellen said on Saturday that she believes the strong qualifications of the US nominee to lead the World Bank, ex-Mastercard CEO Ajay Banga, will overcome any criticism of the selection process. But the swiftness with which President Joe Biden nominated Banga, in a surprise pick immediately after the World Bank’s board began accepting nominations on …

Global leaders welcome nomination of Ajay Banga as World Bank president
2 years, 1 month ago

Global leaders welcome nomination of Ajay Banga as World Bank president

The Hindu  

Political leaders and industry captains on February 24 hailed Indian American Ajay Banga's nomination as World Bank president, saying he is an inspired choice and a phenomenal addition to the list of Indian-origin leaders at the helm of globally impactful organisations. In a tweet, Kristalina Georgieva, Managing Director, IMF said, "Happy to hear that Ajay Banga, who I have known …

US nominates Ajay Banga for World Bank president
2 years, 1 month ago

US nominates Ajay Banga for World Bank president

Associated Press  

WASHINGTON — The United States is nominating former Mastercard CEO Ajay Banga to lead the World Bank, President Joe Biden announced on Thursday, crediting him with critical experience on global challenges including climate change. Addressing the impacts of climate change at the multilateral bank is a priority for the U.S. And leading climate figures have urged the Biden administration to …

US nominates ex Mastercard CEO Ajay Banga to head World Bank
2 years, 1 month ago

US nominates ex Mastercard CEO Ajay Banga to head World Bank

Al Jazeera  

India-born Banga has close ties to emerging markets, useful to the Bank which wants to help them on pressing problems. United States President Joe Biden has nominated former Mastercard CEO Ajay Banga to become president of the World Bank, hailing his business experience in his native India and his commitment to mobilizing private funds to help developing countries grapple with …

Trump’s pick to head the World Bank wins election
5 years, 11 months ago

Trump’s pick to head the World Bank wins election

Associated Press  

WASHINGTON — David Malpass, the Treasury official nominated by President Donald Trump to head the 189-nation World Bank, was elected to the job on Friday. “I look forward to continuing our work to economically empower women globally and further the bank’s core mission of ending poverty,” said Ivanka Trump, who had worked on those issues with Kim. In a note …

World Bank board elects Donald Trump nominee David Malpass as next president, to start new role next week
5 years, 11 months ago

World Bank board elects Donald Trump nominee David Malpass as next president, to start new role next week

Firstpost  

David Malpass said he would uphold the bank’s commitment to reducing poverty in the poorest countries and to fight climate change Washington: The World Bank said that its executive board unanimously approved David Malpass, the US Treasury Department’s top diplomat, as the bank’s next president, continuing the 73-year tradition of an American leading the development lender. He will start his …

World Bank board elects US Treasury’s Malpass as next president
5 years, 11 months ago

World Bank board elects US Treasury’s Malpass as next president

Al Jazeera  

The World Bank’s executive board on Friday unanimously approved David Malpass, the US Treasury Department’s top diplomat, as the bank’s next president. The bank said that Malpass, the Treasury’s undersecretary for international affairs, will start his new role on Tuesday as the World Bank and International Monetary Fund Spring Meetings get under way. “The Bank Group is strong financially and …

Donald Trump to choose senior Treasury official David Malpass to lead World Bank
6 years, 1 month ago

Donald Trump to choose senior Treasury official David Malpass to lead World Bank

Live Mint  

Washington: The Trump administration has notified World Bank shareholders that President Donald Trump intends to pick senior Treasury Department official David Malpass as the U.S. nominee to lead the development lender, people familiar with the decision said on Monday. Over the past two years, Malpass has also pushed for the World Bank to halt lending to China, which he says …

White House dismisses reports of Ivanka Trump being a contender for World Bank chief, says she will help US find one
6 years, 2 months ago

White House dismisses reports of Ivanka Trump being a contender for World Bank chief, says she will help US find one

Firstpost  

The White House refuted media reports that the daughter of the US President Ivanka Trump was under consideration for the bank’s presidency Washington: President Donald Trump’s eldest daughter and senior advisor Ivanka will help the US to pick the new World Bank president, the White House has said, dismissing media reports that she herself is a key contender for the …

Ivanka Trump, Nikki Haley among possible US nominees to replace outgoing World Bank president: Report
6 years, 2 months ago

Ivanka Trump, Nikki Haley among possible US nominees to replace outgoing World Bank president: Report

Firstpost  

In addition to Trump and Haley, who stepped down as US Ambassador to the United Nations last month, other names being floated for World Bank president include Treasury Undersecretary for International Affairs David Malpass and Mark Green, head of the US Agency for International Development. Washington: Former UN Ambassador Nikki Haley and US President Donald Trump’s daughter and adviser Ivanka …

Ivanka Trump could become the new World Bank chief: Report
6 years, 2 months ago

Ivanka Trump could become the new World Bank chief: Report

Live Mint  

Washington: Former UN Ambassador Nikki Haley and US President Donald Trump’s daughter and adviser Ivanka Trump are among possible US candidates to replace outgoing World Bank President Jim Yong Kim, The Financial Times reported Friday. Ivanka Trump in 2017 was the driving force behind a $1 billion, Saudi-supported World Bank fund to promote entrepreneurship by women. Kim was the first …

World Bank President Jim Yong Kim resigns
6 years, 2 months ago

World Bank President Jim Yong Kim resigns

Al Jazeera  

World Bank CEO Kristalina Georgieva will assume the role of interim president from February 1. World Bank President Jim Yong Kim has resigned, more than three years before his term ends in 2022, the multilateral lender said on Monday. “It’s been a great honor to serve as President of this remarkable institution, full of passionate individuals dedicated to the mission …

World Bank takes to Belt and Road[1]- Chinadaily.com.cn
7 years, 11 months ago

World Bank takes to Belt and Road[1]- Chinadaily.com.cn

China Daily  

World Bank President Jim Yong Kim speaks at the opening press conference of the 2017 World Bank and International Monetary Fund Spring Meetings in Washington DC, April 20, 2017. The World Bank Group is and will continue working closely with the Chinese government on the Belt and Road Initiative, according to the chief of the international financial institution. Jim Yong …

World Bank takes to Belt and Road[1]- Chinadaily.com.cn
7 years, 11 months ago

World Bank takes to Belt and Road[1]- Chinadaily.com.cn

China Daily  

World Bank President Jim Yong Kim speaks at the opening press conference of the 2017 World Bank and International Monetary Fund Spring Meetings in Washington DC, April 20, 2017. The World Bank Group is and will continue working closely with the Chinese government on the Belt and Road Initiative, according to the chief of the international financial institution. Jim Yong …

Jim Yong Kim reappointed World Bank president despite bank staff citing 'crisis of leadership'
8 years, 5 months ago

Jim Yong Kim reappointed World Bank president despite bank staff citing 'crisis of leadership'

Firstpost  

The Bank’s board offered a strong endorsement of Kim’s record, including setting the goal of eliminating extreme global poverty by 2030 and an internal reorganisation to promote better coordination which provoked staff dissent. Washington: The board of the World Bank has unanimously agreed to name Jim Yong Kim to a second term as president, the global lender announced today. In …

World Bank chief meets Modi
8 years, 8 months ago

World Bank chief meets Modi

The Hindu  

World Bank Group president Jim Yong Kim called on Prime Minister Narendra Modi on Thursday as part of the Bank’s efforts to explore ways to support government initiatives on nutrition and renewable energy. >pic.twitter.com/B8geMY5kOp — Jim Yong Kim >June 30, 2016 Dr. Kim, who visited an anganwadi on Wednesday to get a sense of India’s intervention in child nutrition. The …

Decision to join bank in US' hands, says AIIB chief
9 years ago

Decision to join bank in US' hands, says AIIB chief

China Daily  

President of Asian Infrastructure Investment Bank Jin Liqun speaks at the Boao Forum for Asia Annual Conference, March 25, 2016. The US can take its time deciding whether to join the Asian Infrastructure Investment Bank, said Jin Liqun, president of the China-initiated bank on Friday. China is patient and there's no rush before the US gives it a clear thought," …

World Bank appoints Indian to provide strategic leadership
9 years, 1 month ago

World Bank appoints Indian to provide strategic leadership

India TV News  

Washington: An Indian Saroj Kumar Jha has been appointed to a key position in the World Bank with President Jim Yong Kim assigning him a role to provide strategic leadership to address the challenge of fragility, conflict and violence. Jha till last week was World Bank's Regional Director for Central Asia based in Almaty since February 2012. Jha has been …

AIIB, World Bank planning closer project cooperation
9 years, 8 months ago

AIIB, World Bank planning closer project cooperation

China Daily  

Jin Liqun, secretary-general of the AIIB Multilateral Interim Secretariat, and Jim Yong Kim, president of the World Bank, sign cooperation agreements between the two institutions in Beijing on Thursday. Jin Liqun, secretary-general of the AIIB Multilateral Interim Secretariat, held discussions with World Bank President Jim Yong Kim on Thursday to discuss cooperation between the two institutions. Jin said that since …

Development bank will help fight poverty
10 years, 8 months ago

Development bank will help fight poverty

China Daily  

The BRICS countries, Brazil, Russia, India, China and South Africa, are expected to pursue a development bank during a summit in Brazil next week. World Bank President Jim Yong Kim, who visited China this week, welcomed the initiatives for the two new multilateral lending institutions. Kim has emphasized repeatedly since taking office two years ago that fighting poverty is a …

World Bank and IMF meet in Washington
12 years, 11 months ago

World Bank and IMF meet in Washington

China Daily  

This is the VOA Special English Economics Report. World Bank President Robert Zoelick spoke to them on Thursday. This is the last time he attends the Spring Meetings of the two organizations as World Bank President. The United States traditionally chooses the World Bank head and Europe chooses the IMF chief. Related stories: Korean-American Kim to lead World Bank American …

Korean-American Kim to lead World Bank
12 years, 11 months ago

Korean-American Kim to lead World Bank

China Daily  

Get Flash Player Download The World Bank chose Korean-American physician Jim Yong Kim as its next chief on Monday, in a decision that surprised few but took beating an unprecedented challenge to the US lock on the Bank's presidency. "Their candidacies enriched the discussion of the role of the president and of the World Bank Group's future direction," the Bank …

Korean-American Kim to lead World Bank
12 years, 11 months ago

Korean-American Kim to lead World Bank

China Daily  

Get Flash Player Download The World Bank chose Korean-American physician Jim Yong Kim as its next chief on Monday, in a decision that surprised few but took beating an unprecedented challenge to the US lock on the Bank's presidency. "Their candidacies enriched the discussion of the role of the president and of the World Bank Group's future direction," the Bank …

Ngozi Okonjo-Iweala: Changing the World Bank
12 years, 11 months ago

Ngozi Okonjo-Iweala: Changing the World Bank

Al Jazeera  

If elected, Nigeria’s finance minister would be the first African, first black and first female to head the institution. As the World Bank is about to select a new president, Dr. Ngozi Okonjo-Iweala, Nigeria’s finance minister, talks to Sir David Frost about her candidacy for the presidency of the World Bank. So I know what it is like to manage …

American seeks World Bank's top job
12 years, 11 months ago

American seeks World Bank's top job

China Daily  

Top World Bank officials will soon decide which of three candidates will become president of the global development institution. Nancy Birsdall of the Center for Global Development says Kim may change the World Bank's culture. The World Bank's president has always been an American, but many major emerging economies want more of a say in the choice of leadership. Related …

American seeks World Bank's top job
12 years, 11 months ago

American seeks World Bank's top job

China Daily  

Top World Bank officials will soon decide which of three candidates will become president of the global development institution. Nancy Birsdall of the Center for Global Development says Kim may change the World Bank's culture. The World Bank's president has always been an American, but many major emerging economies want more of a say in the choice of leadership. Related …

Merit should be criteria for World Bank top post: BRICS
12 years, 11 months ago

Merit should be criteria for World Bank top post: BRICS

Firstpost  

Leaders of the emerging countries empahasised that the selection of the World Bank chief should be on the basis on merit and not the nationality. New Delhi: The five-nation BRICS group of emerging economies, representing almost 43 percent of the world’s population, today welcomed the candidatures of developing countries for the World Bank presidency, demanding that the selection should be …

New World Bank chief to face many challenges
12 years, 11 months ago

New World Bank chief to face many challenges

China Daily  

President Obama has nominated Dartmouth College President Jim Yong Kim to be the next World Bank president. Erixon also said this being a presidential election year it's very unlikely anyone but an American would become World Bank president. " "Now what we're seeing is lots of developing countries that are asking for a change in the selection process when the …

New World Bank chief to face many challenges
12 years, 11 months ago

New World Bank chief to face many challenges

China Daily  

President Obama has nominated Dartmouth College President Jim Yong Kim to be the next World Bank president. Erixon also said this being a presidential election year it's very unlikely anyone but an American would become World Bank president. " "Now what we're seeing is lots of developing countries that are asking for a change in the selection process when the …

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