News Tip: Obama's World Bank Nominee a Departure from Tradition

Duke's Phyllis Pomerantz, a former World Bank officer, comments on President Obama's nomination of Jim Yong Kim to head the World Bank

President Obama on Friday nominated Dr. Jim Yong Kim, president of Dartmouth College, for president of the World Bank.

Phyllis Pomerantz

Professor of the Practice, Sanford School of Public Policy, Duke Center for International Development, Duke University

Pomerantz is an international aid specialist and former chief learning officer at the World Bank.

Quote:

"It is refreshing to see that the Obama administration has departed from tradition and nominated someone with deep roots in both academia and the international development community. Nonetheless, Dr. Kim's nomination does not resolve the World Bank's fundamental governance problem: for the bank to be a truly international agency in a globalizing world, developing countries need to have a major voice in the bank's leadership and ongoing management decisions.

"The irony is that Ngozi Okonjo-Iweala, nominated by some developing countries for the post, is every bit as qualified as Dr. Kim and possesses a deep knowledge of the bank that most World Bank presidents only acquire in their final year or so."