World Bank Rejects Okonjo-Iweala's Presidency Bid; Kim To Begin July 1

Nigeria's Minister of Finance, Okonjo-Iweala, loses World Bank presidency bid
World Bank

PRESS RELEASE: World Bank’s Executive Directors Select Dr. Jim Yong Kim 12th President of the World Bank Group

WASHINGTON, April 16, 2012 - The Executive Directors met today to select a new President of the World Bank Group. The Board expressed its deep gratitude for Mr. Robert B. Zoellick’s outstanding leadership and his dedication to reducing poverty in its member countries, the core mandate of the World Bank Group.
 
The Executive Directors followed the new selection process agreed in 2011 which, for the first time in the Bank’s history, yielded multiple nominees. This process included an open nomination where any national of the Bank’s membership could be proposed by any Executive Director or Governor, publication of the names of the candidates, interviews of the candidates by the Executive Directors, and final selection of the President.
 
The Executive Directors selected Dr. Jim Yong Kim as President for a five-year term beginning on July 1, 2012. The President is Chair of the Boards of Directors of the International Bank for Reconstruction and Development (IBRD) and the International Development Association (IDA). The President is also ex officio Chair of the Boards of Directors of the International Finance Corporation (IFC), the Multilateral Investment Guarantee Agency (MIGA), and the Administrative Council of the International Centre for Settlement of Investment Disputes (ICSID).
 
We, the Executive Directors, wish to express our deep appreciation to all the nominees, Jim Yong Kim, José Antonio Ocampo and Ngozi Okonjo-Iweala. Their candidacies enriched the discussion of the role of the President and of the World Bank Group’s future direction. The final nominees received support from different member countries, which reflected the high caliber of the candidates. We all look forward to working with Dr. Kim when he assumes his responsibilities.
 
Dr. Jim Yong Kim is currently President of Dartmouth College. A U.S. national, Dr. Kim is a co-founder of Partners in Health (PIH) and a former director of the Department of HIV/AIDS at the World Health Organization (WHO). Before assuming the Dartmouth presidency, Dr. Kim held professorships at Harvard Medical School and the Harvard School of Public Health. He also served as chair of the Department of Global Health and Social Medicine at Harvard Medical School, chief of the Division of Global Health Equity at Brigham and Women’s Hospital, and director of the François Xavier Bagnoud Center for Health and Human Rights at the Harvard School of Public Health.
 
Dr. Kim was awarded a MacArthur “Genius” Fellowship (2003), was named one of America’s “25 Best Leaders” by US News & World Report (2005), and was selected as one of TIME magazine’s “100 Most Influential People in the World” (2006). He was elected in 2004 to the Institute of Medicine of the National Academy of Sciences—one of the highest honors in the fields of health and medicine—for his professional achievements and commitment to service. He has published widely over the past two decades, authoring or co-authoring articles for leading academic and scientific journals, including the New England Journal of Medicine, Lancet, and Science.
 
Born in 1959 in Seoul, South Korea, Dr. Kim moved with his family to the United States at the age of five and grew up in Muscatine, Iowa. Dr. Kim graduated magna cum laude from Brown University in 1982. He earned a medical doctorate from Harvard Medical School in 1991 and a Ph.D. in anthropology from Harvard University in 1993. He is married to Dr. Younsook Lim, a pediatrician. The couple has two young sons.
 
Contacts:
In Washington: David Theis, (202) 458-8626, dtheis@worldbank.org
For Broadcast Requests: Natalia Cieslik, (202) 458-9369, ncieslik@worldbank.org

Comments
30 comment(s)
Post a comment

You can not pretend to be

You can not pretend to be good while you are not, Nigerians always pretend to be saint, how can a PDP member be good at all for God sex.

Was just a dream!!

Africans, for once lets be honest with ourselves. What did we really expect her to go and deliver at such a global giant institution which she and her cohort have failed to deliver on home ground. (With Nigeria and indeed the majority of Africa)'s financial state in shumbles did we expect her to go and throw a magic wand and deliver anything at the World Bank. Smart choice. Congrats Kim!!!!
African governance in all its aspects just makes me sick!!! People who hold the Bible in one hand and use another to squeeze life out of their fellow human beings!! Sick!!
May the Lord help us Africa!!!

Thank God she was not

Thank God she was not selected The world economy is not safe in the hand of Okojo charity begins at home

Dr. Kim - Round Peg in Square Hole

Waoh! A medical doctor nominated to head a bank when a seasoned career economist was rejected. These people took us for fools.

nigerians in diaspora

MOG now I know you are a big frustrated fool, if you cant afford a life abroad go and take rat poison and stop advertising your folly..its people like you who cant earn a decent living that thinks others are like you. I am sure you were deported for illegal papers..keep fooling your self with ancient ideology... many of the people you refer to are working as engineers,doctors and lawyers etc.

Serves the Witch right

Ngozi Fat Cheeks,

Serves u right. This is pay back time from your masters at the World Bank.

If I speak you will reject it and you will also failed.

If I tell Nigerians how Dr Ngozi Iweala can be the President of World Bank they will reject it. The 1st World Bank was Jericho which Jews looted to built Jerusalem. Rahab the Harlot of Jericho who betrayed her people later married to an Israeli Mr Salmon the father of Boaz who became the father of Obed of Naomi and Ruth. Therefore Rahab was great, great great grand mother of Jesus Christ. If Dr Iwuala went as Grand Mother of Jesus Christ of 21st Century who come to rebuild her Jericho she would have won.

How could she have won? How?

How could she have won? How?...when she is an economic chief (minister) in a government where a Legislathief in the Nigerian senate earns on the average, $1.7 million Dollars annually? Whereas, the American president earns $400,000 annually. Now, even any right thinking 'fool' should have known that if Ngozi could not engineer a reduction in the Nigerian Legislathieves' criminal earnings, there would actually be no moral justification to even nominate her in the first instance considering Nigeria: So rich, yet its majority living in abject poverty while its 'leaders' live and earn as though they buy and spend in a different market.

This is elementary economics which Ngozi seemed not to have understood. She failed, but she's got a PhD.

She condoned the brutal rape on millions of 'ordinary' Nigerians who earn minimum wage of N18,0000/month (Less than $1,500 per annum)juxtaposed with the Legislatives' $1.7m per annum. Shee failed. She was going to anyway.

World Bank President

NOI must have her head re-exasmined, if she thought she could get the job. So madam is of the opinion that she lost because, the selection was not on merit. Welcome to reality, The PDP convention that she recently was a part of, name one person who was elected on merit, was it Bamanga tukur, or their youth leader who is a 60 year old gagol. First put your house in order, then you can complain. Madam deserved to have lost, do you think its business as usual for the corruption that is so endemic in Nigeria, no madam. I for one am happy you lost. Even so called badluck jonathan, did he really win the elections. Only God can tell,and since he is now commander in chief, what difference has he made in trying to alleviate the suffering of the masses, your guess is as good as mine. PDP cannot rig their way on this or nominate a mugu as they have continously done this past 12 or so years. The writing is on the wall

CONGRAT SAHARA REPORTERS

Your prediction came to pass and your prophecy came to pass what a great accomplishment. You must be celebrating and popping champaign now that your enemy has been 'defeated'. You campaigned vigorously, you mobilized well for your preferred candidate and he ' won'. For you there is a sense of fulfillment and it is a mission accomplished. Good job and congratulation. One day we will like to see your medal for being American follow- follow, second class, with load of inferiority complex

WONDERFUL WOMAN

You are wonderful woman. You made us proud!. Cheers.

frankly_speaking, pls!

Frankly_speaking, if Africa gets to bankroll the World bank, they can control who the president of the world bank.
Personally_speaking, "economists" from Harvard University are nothing but a bunch of CROOKS out to and continued to ruin the world's economy. Just look at wall street and the mess they have created. Only on walls street can you get rewarded for making bad investments .. with other people's money.
To me Mrs Iweala is a loser for making life worse for 99% of Nigerians with her world bank's idea of subsidy removal on of all days, the New year's day. How cruel can you get? One day she will answer to God almighty! Mrs Iweala represents the worst in Africans. I hope the suffering of Nigerians hunt her for the rest of her life, may she see the people sleeping under bridges in Nigeria in her dreams.

Sham!

Cronyism has been given legitimacy. Ms Okonjo-Iweala had no chance from the start with USA, Japan, Germany, France, and UK all voting in favour of Mr Kim.
Mr Ocampo was quick to realize his candidacy was doomed and quickly threw in the towel.
This type of informal system in choosing the president of the World Bank is never decided on merit. I hope she learns a thing or two from this adventure and not be so naive in future especially when it comes to breaking into the old boys' network.

iweala amend where you belong

Guys read some related news and comments about WB official before you alter a words. The position is not for third world country like nigeria. What do you have to offer the world, charity start at home.

I DOFF MY HAT FOR OUR OWN DR

I DOFF MY HAT FOR OUR OWN DR NGOZI OKONJO-IWEALLA FOR PUTTING UP A SPIRITED FIGHT TO CHALLENGE THE UNITED STATES CANDIDATE, DR KIM. I WATCHED THE CAMPAIGNS AND THE DEBATES AND I AM FULL OF PRAISES FOR NGOZI FOR GIVING A GOOD ACCOUNT OF HERSELF IN THE GLOBAL CONTEST THAT INVOLVED THE MOST POWERFUL LEADERS IN THE WORLD. I NEVER EXPECTED THAT PRESIDENT OBAMAS'S CANDIDATE WILL LOSE THIS ELECTION KNOWING FULLY WELL THAT THIS IS AN ELECTION YEAR IN THE UNITED STATES.

She is now home to stay

By her fierce challenge, she cannot return to the world bank. She is here to stay. Welcome to the real world sister Ngozi. They have used you, made you empty promises and dumped you, welcome to reality and those doing dirty jobs for whites maybe you can learn. Nigeria lost 18Billion dollars because of fish seller sense of Mrs Iweala. We could have threatened repudiation and the debt would have been reviewed downwards anyway, thanks to madam, we lost it all.

Bye Okonjo

Right now as am writing,am jubiliating,in full dance and you need not bother yourself guessing for any answer.
Remember "Occupy Nigeria" as a result of fuel subsidy removal.Ngozi,what goes around comes around.We,Nigerians are composed while today,you are sweating.
Iweala,you will die without meeting this ambition as we do on the fuel subsidy.

We understand

That the best candidate do not always get the job.  This is obviuosly a political appointment or how do you explain a medical doctor heading a world bank.  This is a job for economist. There is no doubt in my mind that Mrs Okonjo-Iweala is more qualified and better placed to lead the world bank.  On the positive side, this woman had put us in a better light and had diverted world attention from a negative image that becloud nigeria as a nation of 419 and trickster.  Congratulations my sister.  It is now time to go home and confront those rouge in PDP and move Nigeria forward.

SR a platform for Nigerians in Diaspora to vent theirfrustration

It is unfortunate that many Nigerians who are currently 21st century slaves in Diaspora make despicable remarks about Nigerian, I bet you those same guys cannot even pay their bills nor feed their selves out there. In fact many of them have become a social menace to the society they live in. Because they cannot visit their parents and relatives whom they have abundant for years because they don’t have a valid resident or visa document they vent their frustration on Nigerian and its Government. We all know that most of them cannot in any ramification compare themselves with their peers who they left on the shore of Nigeria.
SR has been a platform for Nigerians in Diaspora to vent their frustration that is why nothing good about our Nation can be read on this platform

It is not unexpected.

It was not unexpected but sad.Congratulations to Kim,the new President.
It was sad not that Dr. Ngozi Iweala vied for the position and failed,but for the timing and our bizarre approach to the issue.
If Dr. Iweala had remained in New York as a Vice President to contest this election,I would have respected her guts,A.U. or no A.U.But there was something of poor judgement,egotism,hairy fairy approach to something that demand stoicism and sound diplomatic judgement.
It beats my imagination,that somebody as highly placed as Dr Iweala could make such a diplomatic faux pas that belittled the enormity of the economic problem we have and questioned her diplomatic nibble-footedness,dedication and loyalty.

certificated but non performing economist

Eni ma da'so fun ni to'run e lawo (Person that promises to give U clothes, U have to be sure he/she has enough good clothes). Do we expect this people to vote someone who has not been able to make a meaningful change to her country's economic condition despite her PHD in Economics. This woman has been around since the the beginning of the current democratic dispensation and what can we show for her presence as an Economics guru (or let me say as a certificated but non performing economist). At first she came down to be paid in foreign currency, now she is around to give masses' killing policies. Being a good policy maker is not by being an Economist. I belief this Medical Doctor, elected world bank president might take the world to the promise land.

Ngozi perform 4 ur Country 1st.

GEJ,Ngozi,& d rest usual praise singers n bandwagon jumpers/joiners,must hav woken up from thier tall dream of Ngozi bein d number 1 of d world bank.dey tink dey can con d U.S n oda enlightened members 2 vote in som1 who hasnt performed in her country so far.NGOZI,i praise ur courage,bt create d jobs in Nigeria 1st 4 d world 2 c.PERFORM!

Abeg come and finish your work in Abuja !

Let Ngozi come back to Abuja and come and work that magic she planned to do for World Bank in Nigeria ! The country is in a terrible economic shape and she cannot abandon ship now !

Who did not know this would

Who did not know this would be the result. We have many other credible Nigerians we can put forward for this position. Charity they say begins at home, and moreso these days, the world is a global village and nothing is hidden anymore. Now that our honourable Minister has lost out, will she now resign her appointment as minister of Nigeria finance? This is a call for demonstration of her sense of honour and integrity.

na so dem plan am

it would have been a miracle of the century if Ngozi had won. na dem thing wey dem take. Ng take heart , come deposit the thing they no want for niger here. we go make you our presido come 2015.

Congrats Jim

Congrats Jim Yong Kim, wishing u a very successful tenure.

Congrats Sis NOI. As a

Congrats Sis NOI. As a sportswoman, it was not a do or die. Your temerity to even try running for the position knowing fully that it was a political affair was what endeared you to me.

In the history of the World Bank, your name must be mentioned as one of the first to put your finger into the eyes of the capitalistic sponsors of the bank. As we all knew, this is purely business because people put their mouth into where their money is. THe US sponsors the bank richly and only you can expect them to call the shots.

If we don;t like it, we could quit and form our own. But every day our governments go cap in hand begging from World Bank.

Welcome back, nnoo oh?

Ngozi Okonjo-Iweala's WB Presidency bid a win in the long run

I don't regard this as a failure or loss in the long run even though she was not selected this time around.
She is an excellent candidate and would have been the best qualified choice for the job. Next time around, she may be an unanimous or obvious choice as the rules that have prevailed for over 50 years are slowly changing.

IWEALA IS A WINNER

That Okonjo Iweala could be the first person to challenge United States for the first time ever for the post in the organisation 66 years of existence make her, Nigeria, and Africa a winner. SR is a bundles of negative minded people. Anyway they are in slavery in America, they should remain there and make noise, "Aja lo ngbo"

Well, Until We Get Our Acts Together

I am sorry but not surprised at the choice of President by the World Bank. A disappointment to Mrs Okonjo, probably nothing or a thing of indifference opinion to Nigeria, a Loss to the world and even more, a great injustice to the the Developing and emerging economies of the World and until Nigeria and the rest of the emerging and developing economies can get their acts together, it is going to continue like this and the developed world will always have their way. It is an injustice for America and its allied to have 56% of the voting rights to themselves while the rest of the world share the rest. This means that 'they' we always determine who gets to the post while the rest of the world's choice will be irrelevant. To those of you that were insulting towards me then thinking I was against Mrs Okonjo, you have proved to be the 'Idiots' on this issue now! Get out of Nigeria and see 'from the perspective of the rest of the world' on issues or better still, re-educate yourselves.

Post a comment

The content of this field is kept private and will not be shown publicly.
Comments are limited to a maximum of 1000 characters.
  • Allowed HTML tags: <a> <em> <p> <strong> <cite> <code> <ul> <ol> <li> <dl> <dt> <dd>
  • Lines and paragraphs break automatically.
  • Web page addresses and e-mail addresses turn into links automatically.

More information about formatting options

CAPTCHA
This question is for testing whether you are a human visitor and to prevent automated spam submissions.