where does the world bank get its funds
World Bank Another source of criticism has been the tradition of having an American head the bank, implemented because the United States provides the majority of World Bank funding. "When economists from the World Bank visit poor countries to dispense cash and advice", observed The Economist in 2012, "they routinely tell governments to reject cronyism and fill each important job with the best candidate available. It is good advice. The World Bank should take it."[70] Jim Yong Kim, a Korean-American, is the most recently appointed president of the World Bank.[71]