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President Barack Obama stands with Jim Yong Kim, his nominee to be the next World Bank President, Secretary of State Hillary Rodham Clinton, and Treasury Secretary Timothy Geithner in the Rose Garden of the White House in Washington, Friday, March 23, 2012. Kim is currently the president of Dartmouth College. (AP Photo/ Haraz N. Ghanbari)

World Bank picks health expert Kim as president

The World Bank on April 16 chose Korean-born American health expert Jim Yong Kim as its new president, maintaining Washington's grip on the job and leaving developing countries questioning the selection process.