Off the wire
• 2nd LD Writethru: U.S. moves to restore trade benefits to Myanmar, ready to lift sanctions  • Venezuela takes over presidency of Non-Aligned Movement  • Urgent: 4 killed, 100 injured as two trains collide in central Pakistan  • Aussies to gain faster access to breakthrough medicine under new regulations  • Rong wins individual foil category A gold in Rio  • Lyon open C1 season with 3-0 win over Dinamo Zagreb in Rio  • Feng wins individual foil category B gold in Rio  • Tokyo shares open lower on weak U.S. stocks, rising yen  • Dollar changes hands in mid-102 yen zone in early Tokyo trading  • China's Huang secures third gold of Rio Paralympics  
You are here: 　 Home

World Bank chief Kim heads for second-term with no challengers

Xinhua, September 15, 2016 Adjust font size:

Current World Bank Group President Jim Yong Kim is the only candidate that has been nominated as the bank's next leader, the World Bank announced Wednesday, paving the way for him to serve a second term.

As announced on Aug. 23, the period for submitting nominations for the top position of the World Bank Group closed at 6 p.m. EDT (2200 GMT) Wednesday evening, the World Bank said in a statement.

In accordance with the procedures previously announced, the executive directors of the World Bank will meet with Kim in Washington, D.C., "with the expectation of completing the selection process by the 2016 Annual Meetings" in October, the bank said.

Kim became the 12th president of the World Bank on July 1, 2012 and his current term expires on June 30, 2017. Before this post, he served as president of the famous U.S. academic institution Dartmouth College. Endi