US nominee Jim Yong Kim has been chosen as the new president of the World Bank.
The Korean-American health expert is currently the president of Dartmouth University.
He faced a strong challenge for the post, which has traditionally gone to an American, from Nigerian Finance Minister Ngozi Okonjo-Iweala.
Dr Kim will succeed Robert Zoellick, serving a five-year term beginning on July 1, the World Bank said in a statement.
Jim Yong Kim, 52, is a doctor lauded for his pioneering role in treating HIV/Aids and reducing the impact of tuberculosis in the developing world.
US Treasury Secretary Timothy Geithner said the new president’s background would be valuable in the role. (BBC)
New World Bank chief
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