Jim Yong Kim, President of World Bank, abruptly resigns
Source: New York Times
The World Bank said on Monday that its president, Jim Yong Kim, would step down from his post in February to join a private infrastructure investment firm, an unexpected departure that comes nearly three years before the end of his term.
The abrupt resignation, effective Feb. 1, could prompt a clash between the Trump administration and other governments over the future of the international body.
The United States traditionally selects the president of the World Bank, which is made up of more than 100 countries, but Mr. Trump has taken a skeptical view about the importance of multilateral institutions.
The World Bank’s priorities — like combating climate change and engaging in foreign aid — also tend to be at odds with those of the Trump administration. Last month, the bank announced it would invest $200 billion toward fighting climate change over a five-year period.
The bank lent $64 billion to developing countries last year, a figure that included China.
Read more: https://www.nytimes.com/2019/01/07/us/politics/jim-kim-world-bank-president.html
Secretary of State Hillary Clinton and World Bank President Jim Yong Kim during his 2012 appointment by President Obama.
His proactive views on climate change and third world development projects put him at odds with Trump, who is now likely to name a Bob Zoellick-style Nazi in his place.
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