World Bank reappoints Kim to five-year term as president

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.

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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)