Kim Says World Bank’s First Priority Is To Aid Growth

By Sandrine Rastello – Jul 2, 2012

Jim Yong Kim, who took over as World Bank president yesterday, said his first task will be to help emerging markets keep expanding at a time of stress for the world economy.

“We begin our work together at a crucial moment” as the global economy “remains vulnerable,” Kim wrote in an e-mail to the Washington-based bank’s staff obtained by Bloomberg News. “My immediate priority will be to intensify the Bank Group’s efforts to help developing countriesprotect growth and jobs.”

The 52-year-old Kim, the former president of Dartmouth College, succeeds Robert Zoellick at the helm of a poverty- fighting institution that made loans worth almost $53 billion last year. Kim, a physician by training, has little time to ease into a job that stretches beyond his expertise as global growth is threatened by the European debt crisis and a slowdown iChina.

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