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Freakonomics Radio

197. Hacking the World Bank

Freakonomics Radio

Freakonomics Radio + Stitcher

Documentary, Society & Culture

4.632K Ratings

🗓️ 19 February 2015

⏱️ 36 minutes

🧾️ Download transcript

Summary

Jim Yong Kim has an unorthodox background for a World Bank president — and his reign thus far is just as unorthodox.

Transcript

Click on a timestamp to play from that location

0:00.0

Back in 2012, Jim Young Kim was mining his own business, carrying out his duties as president

0:12.7

of Dartmouth College.

0:13.7

He was in his third year there, and then his phone rang, and he learned that the president

0:18.9

of the United States wanted to hire him away.

0:25.1

That literally on a Monday, a Dartmouth graduate from 1983, Tim Geithner called me and said,

0:32.1

Jim, would you consider being president of the World Bank?

0:35.5

This is the work that I devoted my entire life to, and development and finding poverty.

0:40.5

And so I called the chair of my boy right away, and I said, the president's asking me to

0:45.1

consider this, I have to do it.

0:48.5

So that was a Monday.

0:50.1

I flew down and met with President Obama on a Wednesday.

0:53.2

Did you know him previously?

0:54.5

I had met him once before, but my first sit down meeting with him was in the Oval Office

1:01.0

to talk about this particular job.

1:03.6

And then on that Friday, we were in the Rose Garden, and he was announcing me as the

1:08.5

U.S. candidate.

1:10.2

When a nation goes from poverty to prosperity, it makes the world stronger and more secure

1:15.3

for everybody.

1:17.4

That's why the World Bank is so important, and that's why the leader of the World Bank

1:21.5

should have a deep understanding of both the role the development plays in the world,

1:26.3

and the importance of creating conditions where assistance is no longer needed.

1:31.1

I believe that nobody is more qualified to carry out that mission than Dr. Jim Kim.

...

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