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Thursday, 11 August 2016

World Bank’s Kim wants a second term, but his staff may not want him to stick around

Leadership turmoil at the World Bank? World Bank boss Jim Yong Kim would like a second term, but the bank’s staff association has taken the “unusual step of sending a letter to the executive directors in August — normally vacation season for bank staff — in an effort to ensure their concerns are included in whatever process may be underway,” industry publication Devex reports. The story has crossed into the mainstream press, with the Financial Times writing that Kim “has spent the past few months quietly campaigning for a second term as president,” adding that the staff association wants an international search for a replacement. The association, the FT says, warned of a “crisis of leadership” and demanded that the bank engage someone as president who isn’t an “American male.”

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