U.S. faces serious global challenge over World Bank president nomination
President Obama’s recent nomination for World Bank president has pleasantly surprised many observers, given the fact he’s not an economist. Instead, president of Dartmouth College Dr. Jim Yong Kim is an expert in global health and the former director of the World Health Organization’s Department of HIV/AIDS. But Dr. Kim has competition from two strong nominees: Latin American economist Jose Antonio Ocampo and Nigeria’s finance minister, Ngozi Okonjo-Iweala. Ocampo and Okonjo-Iweala’s nominations signal that there might be a crack in the United States’ 70-year domination of the World Bank.
Worldview talks with Elaine Zuckerman about the potential for big changes in the World Bank. She’s the founder of Gender Action, a Washington DC-based watchdog group for global financial institutions.