Ottawa, April 16, 2012

Archived - Minister Flaherty Welcomes Appointment of New World Bank President

Archived information

Archived information is provided for reference, research or recordkeeping purposes. It is not subject to the Government of Canada Web Standards and has not been altered or updated since it was archived. Please contact us to request a format other than those available.

The Honourable Jim Flaherty, Minister of Finance, today welcomed the appointment of Jim Yong Kim as the new President of the World Bank Group. Mr. Kim will assume his new position effective July 1, 2012.

“I am pleased that the World Bank Group’s Board of Directors has selected Mr. Kim as President following an open and merit-based process,” said Minister Flaherty. “I am confident that Mr. Kim will be a strong leader in ensuring the World Bank remains effective in addressing the complex economic and development challenges facing the international community.”

Minister Flaherty is Canada’s Governor at the World Bank, where Canada is currently the seventh largest shareholder.

For further information, media may contact:

Mary Ann Dewey-Plante
Press Secretary
Office of the Minister of Finance

Jack Aubry
Media Relations
Department of Finance

To receive e-mail notification of all news releases, please register.