September 27, 2016 / 7:32 PM / a year ago

World Bank reappoints Kim to five-year term as president

WASHINGTON (Reuters) - The World Bank on Tuesday reappointed Jim Yong Kim to a five-year term as president of the multilateral development lender after the nomination period closed without any challengers coming forward.

World Bank President Jim Yong Kim arrives at the Elysee Palace in Paris, France, August 29, 2016. REUTERS/Charles Platiau

Kim, an American citizen, was unanimously chosen by the bank’s executive directors for a term that begins on July 1, 2017, the World Bank said in a statement.

Reporting by Timothy Ahmann; Editing by Alan Crosby

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