WASHINGTON—The World Bank named Jim Yong Kim as its next president, maintaining a seven-decade U.S. lock on the post after the first challenge by candidates from other countries.
Dr. Kim said after his election on Monday that laying the groundwork for job creation would be his top priority, as the institution faces pressure to shift from making loans to supporting broader economic concerns.
"In every single country I've been to, they are really hoping private-sector growth can happen quickly so that jobs can be created," he said, in a telephone interview from Lima, Peru, where he was concluding a "global ... Click here for more!