• The power of perseverance

    True grit is a reliable predictor of who will achieve success in life, says Ian Mann.

  • It's the system

    The system sucks and it’s being used far too often as an excuse, says Mandi Smallhorne.

  • Web of dependency

    Zupta defenders are playing cat and mouse with ratings agencies, says Solly Moeng.

All data is delayed
Loading...
See More

Japan declares support for World Bank pick

Apr 01 2012 12:20
Sapa-AFP

Tokyo - Japan's government on Sunday threw its backing behind Jim Yong Kim, the US nominee to be the next World Bank chief, as the Korean-American physician visited Tokyo.

"He substantially understands the positions of developing countries," Japanese Finance Minister Jun Azumi told reporters after meeting Kim, who was in Tokyo as part of a global "listening tour".

"He would be a suitable person to take the leadership of the World Bank," Azumi said.

US President Barack Obama last month tapped Dartmouth College president Kim, known for his work in global health campaigns against AIDS in Africa, to lead the World Bank.

Since the World Bank's founding in 1944, Washington has always chosen its president. But this year, it faces two challengers in Ngozi Okonjo-Iweala of Nigeria and Jose Antonio Ocampo of Colombia.

Kim is therefore seeking to drum up support from major emerging economies on his tour, which is also taking in Brazil, China, India and Mexico among other stops. He visited China on Saturday.

jim yong kim  |  world bank  |  japan

 
 
 

Read Fin24’s Comments Policy

24.com publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

Comment on this story
0 comments
Comments have been closed for this article.
 

Company Snapshot

We're talking about:

THE DEBT ISSUE

Debt is one of the biggest financial issues facing South Africans today. Find out how you can avoid and manage your debt with Fin24 and Debt Rescue.
 

Money Clinic

Money Clinic
Do you have a question about your finances? We'll get an expert opinion.
Click here...

Voting Booth

Would you take out a payday loan?

Previous results · Suggest a vote

Loading...