Meet the New Global Tax Collector: World Bank

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Jim Yong Kim, the new head and 12th President of the World Bank, proposed that the Bank advise troubled developed nations like Greece and advise rich countries.

“While Jim Yong Kim emphasized that his top priority would be to protect developing nations at a “pivotal moment” for a world economy that is losing steam rapidly, he said the bank could also deploy its technical know-how to help richer nations with structural problems. “We only go into countries when asked, but I feel the kind of expertise we have could be relevant in many, many countries in the world, including high-income countries,” the Korean-born American told reporters on his first day on the job. “My staff feel they have the relevant experience that could add value …”

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