Treasury Notes

 World Bank Nominee Dr. Jim Yong Kim in New Delhi Today

By: Erika Gudmundson

Today, President Obama’s nominee for the World Bank presidency, Dr. Jim Yong Kim was in India as part of a global listening tour to meet with heads of state, finance ministers, and other stakeholders to solicit their priorities for the World Bank over the coming years.  Dr. Kim met in New Delhi today with Indian Finance Minister Pranab Mukherjee. They discussed the important role of the World Bank in promoting global growth and helping developing countries protect against external shocks.

Dr. Jim Yong Kim, Indian Finance Minister Pranab Mukherjee and staff.
Click here for a hi-res version.

Dr. Jim Yong Kim and Indian Finance Minister Pranab Mukherjee.
Click here for a hi-res version.


Dr. Kim also met in New Delhi with members of India's civil society and private sector to discuss their ideas and priorities for the future of the World Bank. The meeting was organized by Dr. Isher Ahluwalia, Chair of the Indian Council for Research on International Economic Relations.

While in India, he sat down with The Hindustan Times for an interview:

“I watched Korea go down a path of economic development,” said Kim, “and today I am committed to each country going down their own but similar path.” [...] Investing in people is a theme that unbends Kim: unsurprising for a physician, anthropologist and educationist. In his experience with development work, he has put emphasis on youth employment and gender equality. “Investing in human beings — healthcare, education and social service. Ultimately, these are the WB issues.” He describes how, as the head of Dartmouth College, he is part of a project to identify what  ingredients are needed to create top-rate educational institutions. “We are asking those questions and it is certainly something I will be bringing to the World Bank,” said Kim. (Read the full article here.)

Since his nomination by President Obama, he’s already visited Addis Ababa, Ethiopia; Beijing and Shaoxing, China; Tokyo, Japan; Seoul, South Korea; and New Delhi, India to meet with many of the World Bank’s shareholder and client countries in order to assess how the Bank can best promote growth, combat poverty, and create jobs in developing nations.

After his meetings in South Korea, South Korean President Lee Myung-bak said of his nomination, “I think he is the best choice as World Bank chief. The right person has been chosen as the World Bank needs change. Kim was born in South Korea and watched its economic development. His experience ... will contribute much to economic development in less developed countries. Korea received a lot of help from the World Bank in the past. I believe the right person has been nominated at a time when the World Bank needs change." And Japanese Finance Minister Jun Azumi said following Dr. Kim’s visit to Tokyo, “He substantially understands the positions of developing countries. We decided he is an extremely suitable candidate for the World Bank presidency and we will support him. He would be a suitable person to take the leadership of the World Bank.” They join a number of global leaders who have come out in support of Dr. Kim’s nomination (read more here and here).

Next, he’s headed to Brussels, Belgium; Brasilia, Brazil; and Mexico City, Mexico to assess how the Bank can best promote growth, combat poverty, and create jobs in developing nations.

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Erika Gudmundson is New Media Specialist at the Department of the Treasury.

Posted in:  International
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