NEW YORK (CNNMoney) - President Obama will nominate Dr. Jim Yong Kim, the president of Dartmouth College, to be the next president of the World Bank, an administration source told CNN on Friday.
Kim's background is in medicine, not economics or business as has been the case with previous World Bank presidents. He has worked with international organizations as a senior official at the World Health Organization.FULL STORY
WASHINGTON (CNN) - Protesters gathered in downtown Washington Sunday to denounce the International Monetary Fund and World Bank during the two organizations' joint annual spring meetings.
About a hundred people marched from Dupont Circle to the IMF headquarters as delegates from around the world met inside to discuss the organizations' role in the global economy.
"We are here to protest the failed policies of the IMF and World Bank," said Lacy MacAuley, a spokesperson for the DC-based Global Justice Action group, which sponsored the demonstration.
Protesters clash with police officers at a rally around the IMF and World Bank in Washington, D.C. on Saturday. Photo credit: CNN.
WASHINGTON (CNN) - Protesters clashed with police Saturday during a rally aimed at disrupting the International Monetary Fund and World Bank spring meetings.
Protesters assembled at various rallying points throughout Washington before converging in Franklin Square, a few blocks from the White House. A group of more than 100 protestors then marched to the IMF building chanting, "Down with the IMF, down with the World Bank, down with capitalism."
The marchers circled the IMF and World Bank buildings before attempting to turn onto Pennsylvania Avenue, which had been barricaded by police.
A shoving match ensued between protesters and police. One police officer fell to the ground shortly before pepper spray was released into the crowd. According to Cmdr. James Crane of the city's police department, one officer was injured in the scuffle, which occurred after protesters failed to follow police direction and move onto the sidewalk.