Why Obama Should Keep Control of the World Bank

Jim Yong Kim, president of Dartmouth College and the U.S. nominee for World Bank president Photograph by Tomohiro Ohsumi/Bloomberg

President Obama’s surprise Rose Garden announcement on March 23 nominating Jim Yong Kim to be the next president of the World Bank has heightened debate about the traditional prerogative of the White House to choose the bank’s leader. This arrangement has incited grumbling since the bank’s founding 68 years ago, but this time it’s different.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.