CGD's weekly Global Prosperity Wonkcast, event videos, whiteboard talks, slides, and more.
After an unprecedented competition, with three official nominees, the World Bank announced on Monday that the board had selected Jim Yong Kim, the Korean-born U.S. nominee, as the next president of the World Bank. My guest on this week’s Wonkcast is CGD president Nancy Birdsall, who discusses why it matters who leads the bank and sets out key challenges for the incoming president.
Ngozi Okonjo-Iweala presented her vision for the future of the World Bank at an event organized by CGD and Washington Post Live, urging that the selection of the next president be based on merit. A second event will be held on Tuesday afternoon with José Antonio Ocampo.
Following Robert Zoellick’s announcement that he will step down from the World Bank presidency at the end of June, the World Bank board has called for member countries to submit nominations for his successor, with a fast-approaching deadline of March 23rd. The board has said it will then narrow the nominations to a short list of three, with the goal of naming a new president before the World Bank/IMF spring meetings in April.