The selection process for a new President of the World Bank has been launched. Current head of the World Bank Jim Kim Yang will be among the contenders for the second term. The World Bank has said today. Executive directors of the bank in this case open, transparent selection process based eligibility is supported. Nominations will be open to all member countries. Kim's five-year term expires on June 30, 2017.
So far, the US is the largest shareholder, he always has been appointed its chairman. Head of the IMF is selected from Europe. World Bank staff Sosiyesn staff said in an open letter released on August 8, the tradition of transparency, diversity and selection process based on the principle of eligibility is required before the light. Under this process, chaired by the World Bank is always an American person received.
Kim says that the selection of the Executive Board in 2012 under the new doctrine, which was open and transparent manner that is focused on the selection. The same principle should also be under the new president-elect.
Kim first election under the new process are the candidates for the World Bank presidency Nigerian Finance Minister Okonjo-Lveela Nogji faced competition before. Fresh selection process for the post of World Bank president has started at midnight on Thursday and has been nominated for three weeks.
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