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Statement by Secretary Geithner Welcoming the Selection of Dr. Jim Yong Kim for World Bank Presidency by the World Bank Board of Directors


Location: Washington, DC

The U.S. Department of Treasury today released the following statement from Secretary Tim Geithner on the World Bank Board of Directors' selection of Dr. Jim Yong Kim to lead the World Bank:

"I welcome today's decision by the World Bank Board of Directors to select Dr. Jim Yong Kim as the institution's next president. Dr. Kim has a lifetime of experience solving complex problems. His deep development background coupled with his dedication to forging consensus will help breathe new life into the World Bank's efforts to secure fast economic growth that is widely shared.

I'm pleased that Dr. Kim won such broad support from leaders around the globe, and I want to commend the outstanding efforts of the two other candidates. The World Bank was well served by the openness and transparency of the leadership selection process--a process we hope other international financial institutions will adopt in the future.

I am confident that the World Bank will benefit from Dr. Kim's fresh perspective and strong leadership, and I look forward to working with him as he steers this indispensable institution into the future."

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