Morning Briefing

In this New York times opinion piece, Thomas Bollyky, senior fellow for global health, economics and development at the Council on Foreign Relations, comments on the controversy surrounding President Barack Obama's nomination of Jim Yong Kim for the World Bank presidency, writing, "For the first time since the World Bank's creation at the end of World War II, the United States is facing a real challenge over the bank's leadership. Leaders of some developing and emerging economies have refused to support President Obama's unexpected choice of Jim Yong Kim, the president of Dartmouth College, to lead the bank." However, "[a]s the bank's executive board prepares to vote on April 18, the Americans are likely to get their way, since an 85 percent supermajority of the bank's voting shares are needed to appoint a president, and the United States is the largest shareholder," he continues.