The World Bank announced on the 14th that the time for the World Bank's Executive Board to confirm the nomination of the next World Bank President ended at 6 pm that day, and the current World Bank President Jim Yong Kim became the only nominee.

The World Bank issued a statement on the same day saying that according to the previously announced president selection process, the World Bank’s executive directors will meet with Jim Yong Kim in Washington, and the selection process is expected to be concluded at the annual meetings of the World Bank and the International Monetary Fund in early October this year.

Major shareholders of the World Bank such as the United States and China have expressed support for Jim Yong Kim's re-election, which means that there is almost no suspense for Jim Yong Kim to be re-elected as World Bank President.

Jim Yong Kim was born in Seoul, South Korea in 1959. He moved to the United States with his family at the age of 5. He has a PhD from Harvard University and has served as a professor of medicine at Harvard University, consultant to the Director-General of the World Health Organization, and president of Dartmouth College. In 2012, Jim Yong Kim was nominated by U.S. President Obama as a candidate for President of the World Bank, and was eventually elected President of the World Bank. His current term will end on June 30 next year.

The World Bank announced on August 23 that the World Bank’s Executive Board received the intention of re-election from current President Jim Yong Kim and decided to start the selection process for the next president. The Executive Directors of the World Bank can nominate candidates from August 25 to September 14, and then the Executive Board will determine up to three presidential candidates and finally determine the presidential candidate.