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Has The “Asian Takeover Of The World Bank” Worsened Discrimination Against...

AFRICANGLOBE - The World Bank’s rumor mill has been abuzz with “the Asians are taking over the World Bank” whispers since Dr. Jim Yong Kim, a Korean-born American, became the first non-Caucasian president in the World Bank. Of the 12 top management brass, including the President and those who report directly to him, six are of Asian origin.

World Bank to Invest in African Hydroelectric Project

AFRICANGLOBE - In a bellwether project for the World Bank’s new low-carbon energy policy, the development institution Tuesday said it will plow $340 million into a new hydroelectric project for three central African nations.

The World Bank’s Diminishing Role in Africa

AFRICANGLOBE - Two recent African events illustrate how much the landscape for development finance has changed — and what role the World Bank will play in the future. In May, the bank’s president, Jim Yong Kim, pledged $1 billion to...

Africa a Top Priority Says World Bank

Africa is top priority for the World Bank, the group's new president Jim Yong Kim said in Tshwane on Thursday. "I've worked in Africa. Africa...

Statement By Ngozi Okonjo-Iweala After Dr. Kim’s Appointment As World Bank...

I would like to congratulate Dr Jim Yong Kim on his emergence as President of the World Bank Group. I look forward to working...

World Bank to Decide on New President Today

A successor to the out-going President of the World Bank, Mr. Robert Zoellick, will emerge Monday between 5pm and 7pm (12 noon and 2pm...