The World Bank selected Jim Yong Kim as its next president, despite increasingly loud opposition from developing countries to the seven-decade practice of having an American citizen lead the institution.
In announcing its decision Monday to pick Kim, president of Dartmouth College and an expert in public health, the World Bank's executive directors thanked their outgoing president, Robert B. Zoellick, and the two other nominees who sought the job, Nigerian Finance Minister Ngozi Okonjo-Iweala and Jose Antonio Ocampo, former finance minister of Colombia.
The United States has had a lock on the World Bank leadership since its creation in 1944, just as a European national has held the top post at the International Monetary Fund, another major post-World War II institution.
But in recent years, officials from emerging economies in Asia, Latin America and Africa have sought greater representation and changes in what they see as an outdated structure reflecting the conventional powers of the West.
Kim had the endorsement from President Obama and other notable American leaders, and he was widely assumed to receive a stamp of approval from the World Bank board, which adopted a more-open selection process last year.