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World Bank President withdraws from surprising

the President of The world Bank, Jim Yong Kim, has announced his resignation. Kim will be in Post 1. February, informed the world Bank on Monday. It's been his "great honor", of the Institution to preside over more than six years, quoting the world Bank, the outgoing President. Kim was only on 1. July 2017 commenced his second term in office, which was supposed to last until 2022, the middle of it. Reasons for the step were not initially called.

Kim wants to continue to work for a company that cares about investments in developing countries - which, however, remained unclear. According to Kim's resignation, first of all, the managing Director of the world Bank, Kristalina Georgieva, on a transitional basis, to assume the presidential post.

Harche criticism of employees

since 2012, President Kim was never without controversy. In 2016, the staff Association of the world Bank, had practiced in an open letter to harsh criticism of him. In the international financial organization rule, a "leadership crisis", which could make the world Bank in the longer term irrelevant, it was called.

Kim is a trained physician and was formerly rector of the American elite University to Dartmouth College. He is the first world Bank President who was not recruited from the political or financial world. (nlu/afp)

Created: 07.01.2019, 18:15 PM

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