Who should be the new president of the World Bank? To replace Robert Zoellick, who leaves in June 2012, the US has nominated Jim Yong Kim, an international health specialist and the head of Dartmouth University. Several African countries have nominated Ngozi Okonjo-Iweala, the Nigerian Finance Minister and a former managing director of the World Bank. Brazil has nominated José Antonio Ocampo, an economics professor at the Columbia University in New York.
An intelligent decision on who should be president of the World Bank requires an understanding of what the job involves. With its still talented staff, the World Bank remains the world’s premier source of development expertise. It fosters economic policy, banking, human development (e.g. education, health), agriculture and rural development (e.g. irrigation, rural services), environmental protection (e.g. pollution reduction, establishing and enforcing regulations), infrastructure (e.g. roads, urban regeneration, electricity), and governance (e.g. anti-corruption, legal institutions development). Over the last 65 years, it has made a major contribution to policies that have led to rapid economic growth of countries like India and China, which were once regarded as economic basket cases.
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