CGD in the News

World Bank chief Jim Kim to leave post on Feb. 1, sparking potential succession battle (Washington Post)

January 07, 2019

From the article:

In 2012, just before Kim was selected for his first five-year term, some countries lobbied for the role to be filled by Ni­ger­ia’s then-Finance Minister Ngozi Okonjo-Iweala or Colombia’s former finance minister Jose Antonio Ocampo.

Washington’s pick “had opponents for the first time in the World Bank selection process,” said Scott Morris, senior fellow at the Center for Global Development and the Treasure Department’s former deputy assistant secretary for development finance and debt.

“I have no reason to think that won’t be the case this time,” Morris said. “This is not 1944, where the U.S. is sort of the acknowledged architect, financier and no question the leading power in this institution. It really is seen as a global institution today, with a global membership,” he said. It “becomes more and more frustrating to have this unbroken chain of American presidents,” Morris added.