The World Bank has named US doctor Jim Yong Kim its next president.
The appointment came as Mr Kim's only rival, Nigerian Finance Minister Ngozi Okonjo-Iweala, lashed out at Washington's perennial lock on the job.
The US nominee faced a challenge for the first time ever.
But there was little doubt that the Bank's most powerful shareholders - the United States, Europe and Japan - would support the Korean-American for the powerful job doling out money to developing countries.
But ahead of the meeting of Bank directors, Ms Okonjo-Iweala, herself a veteran of the institution, blasted the way the United States has held a lock on the position since the Bank was launched. Read More