Jim Yong Kim is the new President of the World Bank

The World Bank today named Jim Yong Kim, a global health expert and the president of Dartmouth College, as its next president in a widely expected appointment that continues the longstanding tradition of an American leading the Washington-based development institution.

For the first time ever, the US domination of the World Bank was challenged by Nigeria's Finance Minister Ngozi Okonjo-Iweala

By convention, the US has always held the top job at the World Bank since it was founded in 1944.

The top job of its sister organisation, the International Monetary Fund, has also always gone to a European but there has been much pressure from emerging economies to open the processes of both organisations to competition.

South Africa's finance Minister Pravin Gordhan said"It's no longer in the smoke-filled rooms of Europe and the United States that the spoils are shared," but unfortunately this time an African didn't make it but Ngozi Okonjo-Iweala definitely put up a good fight.

As well as his talents, which include basketball and golf, Mr Jim Yong Kim is a keen rapper.
Take a look at him giving an awesome performance at an "Idol" competition last year at New Hampshire's Dartmouth College.

Jim Yong Kim- Black eye peas