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 Who was the only candidate to contest for the post of World Bank president in 2016?
  • a)
     Jim Yong Kim
  • b)
     Kim Yong Jim
  • c)
     Lim Yong Kim
  • d)
     Lim Yong Jim
Correct answer is option 'A'. Can you explain this answer?
Verified Answer
Who was the only candidate to contest for the post of World Bank presi...
Explanation: 
World Bank has reappointed President Jim Yong Kim as he was the only candidate in a process criticised by the World Bank staff and campaigners as lacking transparency and dominated by the United States.
  • Bank’s board offered a strong endorsement of Kim’s record including setting the goal of eliminating extreme global poverty by 2030 and an internal reorganisation to promote better coordination which provoked staff dissent
  • Board also said an effort under Kim to cut bank spending reduced administrative costs by USD 400 million, money then reinvested to support the bank’s goals.
  • Expenditure review is on track, allowing the organisation to increase its support for countries and focusing on delivering results more quickly
  • The Bank’s largest shareholder has chosen all World Bank presidents since the creation of the institution in the 1940s- this is the United States
  • Kim was the first US nominee to face a challenger when Nigeria's Ngozi Okonjo-Iweala entered the contest.
  • Kim received the US endorsement almost immediately after the window for nominations for the term beginning next July opened, perhaps warding off challengers and avoiding a repeat of 2012.
  • Bank’s staff association held that WB faced a crisis of leadership
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Who was the only candidate to contest for the post of World Bank presi...
The only candidate who contested for the post of World Bank president in 2016 was Jim Yong Kim. He was re-elected for a second term after being the sole candidate nominated by the United States, which has traditionally held the right to nominate the president of the World Bank.

Heading: Background of the World Bank President Election in 2016
- The World Bank is an international financial institution that provides loans and grants to the governments of poorer countries for the purpose of pursuing capital projects.
- The president of the World Bank is elected by its Board of Directors and traditionally, the United States, being the largest shareholder, has the right to nominate the candidate for this position.

Heading: Jim Yong Kim's Candidacy
- Jim Yong Kim, a Korean-American physician and anthropologist, was first elected as the president of the World Bank in 2012.
- In 2016, he sought re-election for a second term and was the only candidate nominated for the position.
- The United States nominated Jim Yong Kim for a second term, and no other country put forward a candidate to contest against him.

Heading: Reasons for the Lack of Opposition
- The United States, being the largest shareholder and having the right to nominate the World Bank president, is often able to secure support from other member countries for its candidate.
- The nomination of Jim Yong Kim by the United States for a second term was supported by many countries, as they valued his leadership and reforms during his first term.
- The lack of opposition may also be attributed to the fact that the nomination process for the World Bank president is often influenced by political considerations and diplomatic negotiations among member countries.

Heading: Jim Yong Kim's Re-election
- As the only candidate, Jim Yong Kim was re-elected as the president of the World Bank for a second term in 2016.
- His re-election was confirmed by the Board of Directors through a voting process, where he received the necessary majority of votes.
- Jim Yong Kim continued to serve as the World Bank president until his unexpected resignation in 2019, three years before the conclusion of his second term.

In conclusion, Jim Yong Kim was the only candidate to contest for the post of World Bank president in 2016. His re-election for a second term was supported by the United States and other member countries, ultimately leading to his continuation as the president of the World Bank.
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Who was the only candidate to contest for the post of World Bank president in 2016?a)Jim Yong Kimb)Kim Yong Jimc)Lim Yong Kimd)Lim Yong JimCorrect answer is option 'A'. Can you explain this answer?
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