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Obama Picks Korean-Born University President as World Bank Chief

Posted March 23rd, 2012 at 7:30 pm (UTC-5)
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U.S. President Barack Obama has nominated Jim Yong Kim, the Korean-born president of Dartmouth College, to head the World Bank. The 52-year-old Kim is a surprise selection by the U.S. to fill the top job at the international financial institution. Mr. Obama said Friday that Kim is well-qualified and a symbol of the diversity of […]

Tags: , , , , , Posted in Economy

Obama Picks Korean-Born University President as World Bank Chief

Posted March 23rd, 2012 at 10:45 am (UTC-5)
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U.S. President Barack Obama has nominated Jim Yong Kim, the Korean-born president of Dartmouth College, to head the World Bank. The 52-year-old Kim is a surprise selection by the U.S. to fill the top job at the international financial institution. Mr. Obama said Friday that Kim is well-qualified and a symbol of the diversity of […]

Tags: , , , , , Posted in Economy

Obama to Pick Korean-Born College President as World Bank Chief

Posted March 23rd, 2012 at 9:05 am (UTC-5)
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U.S. officials are saying that President Barack Obama is set to nominate Jim Yong Kim, the Korean-born president of Dartmouth College, to head the World Bank. The 52-year-old Kim is a surprise nomination by the U.S. to fill the top job at the international financial institution. An American has always held the position, but developing […]

Tags: , , Posted in Economy

World Bank Urges African Governments to Boost HIV Prevention

Posted March 19th, 2012 at 4:45 am (UTC-5)
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The World Bank has called on African governments and international donors to increase efforts to prevent new HIV infections in order to control treatment costs. In a new report highlighting countries in sub-Saharan Africa, the bank says existing treatment programs could become unsustainable without a “dramatic” drop in new infections. It says the costs associated […]

Tags: , , Posted in Africa

White House Narrows List of World Bank Nominees

Posted March 8th, 2012 at 4:15 am (UTC-5)
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U.S. Senator John Kerry and Susan Rice, the U.S. ambassador to the United Nations are reported to have been mentioned as possible candidates to head the World Bank. Indra Nooyi, the chairman and chief executive officer of soft drink maker PepsiCo, is also said to be on the short list of candidates compiled by the […]

Tags: , , , , Posted in Economy, US

US WORLD BANK NOMINEES

Posted March 8th, 2012 at 3:15 am (UTC-5)
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U.S. Senator John Kerry and Susan Rice, the U.S. ambassador to the United Nations are reported to have been mentioned as possible candidates to head the World Bank. Indra Nooyi, the chairman and chief executive officer of soft drink maker PepsiCo, is also said to be on the short list of candidates compiled by the […]

Tags: , , , Posted in US

World Bank: Choice of President Will Be “Merit-Based”

Posted March 6th, 2012 at 12:25 am (UTC-5)
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As World Bank officials continue their search to replace outgoing President Robert Zoellick, an executive director at the global lender is promising that the selection process will be transparent and merit-based. World Bank Executive Director Hekinus Manao acknowledged that many are frustrated at the bank’s custom of always picking an American as its president. But […]

Tags: , , , Posted in East Asia Pacific

World Bank Protest Highlights China Reform Tension

Posted February 28th, 2012 at 3:00 pm (UTC-5)
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Dissension over proposed economic reforms in China burst into the open Tuesday when a lone protester disrupted a press conference by World Bank President Robert Zoellick in Beijing. Zoellick, who is in China to explain a new report by the bank calling for structural economic reforms in the country, just started talking when Du Jianguo […]

Tags: , , , , , Posted in East Asia Pacific, Economy

Protester Takes Aim at Zoellick, Chinese Economic Reform Plan

Posted February 28th, 2012 at 1:05 am (UTC-5)
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Dissension over proposed economic reforms in China burst into the open Tuesday when an angry demonstrator disrupted a press conference by World Bank President Robert Zoellick. Zoellick is in Beijing for the release of a major study by the bank and Chinese government experts that calls for China to scale back the role of its […]

Tags: , , , Posted in East Asia Pacific, Economy

World Bank Study Urges Chinese Market Reforms

Posted February 27th, 2012 at 3:30 am (UTC-5)
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A new report says China’s rapid economic growth is unsustainable unless the country makes major free-market reforms. World Bank President Robert Zoellick released an executive summary of the report, which was jointly prepared by World Bank and Chinese experts. Zoellick said Monday in Beijing that the study had the full support of top leaders including […]

Tags: , , , Posted in East Asia Pacific, Economy

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