By Simon Johnson, co-author of White House Burning
A decision on choosing the next president of the World Bank is expected this week – perhaps as early as Monday. The Obama administration nominated Jim Yong Kim, president of Dartmouth College and a noted public health expert. The reaction to this nomination from development economists and people experienced in the business of lending to poor countries has been overwhelmingly negative.
They are making a big mistake. Mr. Kim would make an excellent World Bank president. Continue reading