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Tuesday, 17 April 2012 - 8:04
US choice becomes new World Bank chief.
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US nominee Jim Yong Kim has been chosen as the new president of the World Bank.

The Korean-American health expert is president of Dartmouth College in the US state of New Hampshire.

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 1 July.

Aged 52, Jim Yong Kim 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.

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