This morning, President Obama named Dr. Jim Yong Kim, a global health and development expert, as his choice to head the World Bank. Dr. Kim is the president of Dartmouth College and a co-founder of Partners In Health.
In announcing his decision, President Obama talked about the World Bank's capacity for improving the lives of real people all over the world:
[Despite] its name, the World Bank is more than just a bank. It’s one of the most powerful tools we have to reduce poverty and raise standards of living in some of the poorest countries on the planet. And in a world that is growing smaller and more connected every day, that’s a critical mission -– not just for those who are struggling, but for all of us.
Dr. Kim has worked as both an anthropologist and a physician in communities from Asia to Africa to the Americas. He's the former head of a World Health Organization team that worked to treat 3 million patients with HIV/AIDS.
The bank will select its new president before its spring meeting in April.
Watch President Obama announce the nomination in the Rose Garden: