19 September 2016
Media Release - #2016103, 2016

Australia welcomes the nomination of Dr Jim Yong Kim as World Bank President for a second term

Joint media release with
The Hon. Julie Bishop MP
Minister for Foreign Affairs

Minister for Foreign Affairs, the Hon. Julie Bishop MP and Treasurer, the Hon. Scott Morrison today welcomed the nomination of Dr Jim Yong Kim for a second term as President of the World Bank Group.

During his current presidency, Dr Kim has worked to align World Bank operations behind its mission of ending extreme poverty and boosting shared prosperity.  He has initiated a number of important reforms in the World Bank Group and has applied the World Bank’s focus to emerging development challenges like pandemics.

Australia supports an open, transparent and merit-based selection process for the position of President of the World Bank.  We look forward to the successful completion of this selection process.

“The World Bank is Australia’s largest multilateral partner,” Ms Bishop said. “We look forward to continued collaboration to promote growth and sustainable development in the Indo-Pacific region.”

Mr Morrison said: “Australia has a deep partnership with the World Bank, particularly on development issues in the Pacific and Southeast Asia. I look forward to attending the World Bank Annual meetings in Washington early next month.”