The Board of Executive Directors of the World Bank announced on Friday it would consider three nominations for the position of the bank’s next president.
“The Board is pleased to announce that the following three nominees will be considered for the position: Jim Yong Kim, a U.S. national and President of Dartmouth College, New Hampshire; José Antonio Ocampo, a Colombian national and Professor at Columbia University, New York; Ngozi Okonjo-Iweala, a Nigerian national and Coordinating Minister of the Economy and Minister of Finance, Nigeria,” the World Bank said in a statement.
The selection of the new WB president by consensus is expected in April.
The World Bank is an international financial institution that provides loans to developing countries for capital programs.
The bank’s president is responsible for chairing the meetings of the Boards of Directors and for overall management of the bank, which has 187 member countries.
Traditionally, the WB president has always been a U.S. citizen nominated by the United States, which is the largest shareholder in the bank.
Current President Robert Zoellick announced in February that he would resign from his post on June 30 after five years in office, and American media circulated reports that U.S. Secretary of State Hillary Clinton could be the most likely candidate for this job.