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President Obama on Friday nominated Jim Yong Kim, president of Dartmouth College, as the next president of the World Bank. In a statement, Kim said: "When I assumed the presidency of Dartmouth, I did so with the full and deep belief that the mission of higher education is to prepare us for lives of leadership and service in our professions and communities. While President Obama's call is compelling, the prospect of leaving Dartmouth at this stage is very difficult. Nevertheless, should the World Bank's Board of Executive Directors elect me as the next president, I will embrace the responsibility." Kim is one of several nominees from which the World Bank's board may choose.

When Kim was selected as president of Dartmouth, his career had been focused on public health. He had been chair of the Department of Global Health and Social Medicine at Harvard University, and previously had led the World Health Organization's HIV/AIDS program. While Asian-American students and faculty members have made notable strides in American higher education, there are relatively few Asian-American presidents, and so Kim's selection by a college as prominent as Dartmouth was viewed as historic -- and cheered nationally by Asian-American activists.