Oxfam reaction: Jim Yong Kim the new World Bank president

International agency Oxfam welcomed the selection of Jim Yong Kim as World Bank president, but said the sham appointment process had damaged the institution.

Oxfam’s Elizabeth Stuart said: “Dr. Kim is an excellent choice for World Bank president and a true development hero. But we’ll never know if he was the best candidate for the job, because there was no true and fair competition.”

“The world deserved better than a selection process with a forgone conclusion. Poor and emerging countries are insisting the Bank be more accountable and open in how it does business. This sham process has damaged the institution, and sullied Dr. Kim’s appointment.”