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Freakonomics Radio

Hacking the World Bank (Update)

Freakonomics Radio

Freakonomics Radio + Stitcher

Documentary, Society & Culture

4.632K Ratings

🗓️ 12 January 2019

⏱️ 36 minutes

🧾️ Download transcript

Summary

Jim Yong Kim has an unorthodox background for a World Bank president — and his reign has been just as unorthodox. He has just announced he’s stepping down, well before his term is over; we recorded this interview with him in 2015.

Transcript

Click on a timestamp to play from that location

0:00.0

Hey there, it's Stephen Dovner.

0:02.6

On January 7th came surprising news out of Washington, as if any news out of Washington

0:07.7

isn't surprising these days, but World Bank President Jim Young Kim announced his resignation,

0:13.2

which was surprising considering he had a few years left on his term.

0:18.0

The news ahead will be about his replacement, and President Trump's historical antipathy

0:23.2

toward organizations like the World Bank.

0:26.2

In the meantime, we thought you might like to hear this episode from 2015 when we interviewed

0:31.2

Kim for Freakin' I'm X Radio.

0:33.5

We called this episode Hacking the World Bank.

0:40.8

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

0:53.7

of Dartmouth College.

0:54.7

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

0:59.9

of the United States wanted to hire him away.

1:06.1

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

1:13.0

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

1:16.5

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

1:21.5

And so I called the chair of my board right away, and I said, you know, the President's

1:25.5

asking me to consider this.

1:26.9

I have to do it.

1:28.7

And so that was a Monday.

1:31.0

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

1:34.2

Did you know him previously?

...

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