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World Bank chief resigns

Jim Yong Kim gives his Post more than three years before the official end of his mandate. Kim had only begun to 2017, his second term as President of the world

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World Bank chief resigns
Jim Yong Kim gives his Post more than three years before the official end of his mandate. Kim had only begun to 2017, his second term as President of the world Bank. The reasons for his decision are not yet known. the

world Bank President Jim Yong Kim gives his Post prematurely. The world Bank confirmed on Monday. Earlier it was already reported that the US-Americans of 1. February 2019 back.The 59-Year-old had 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 was born in South Korea and made as a physician and health policy-makers career, before then-US President Barack Obama's nominee for the top post at the world Bank. His first term had begun, Kim 2012 as the successor to Robert Zoellick.

It was to him a "great honour" that the Institution had committed itself to the goal of poverty reduction, for years of chairing, was quoted by the world Bank, the outgoing President. "The work of the world Bank, the most important thing of all", because the expectations of poor countries, and problems such as climate change, epidemics, Hunger, or escape "in the size and complexity of" on the increase. The PhD wants to work, therefore, in the future, for a company that cares about investments in developing countries - which, however, remained unclear. In addition, he wanted to be involved again for his co-founded organization Partners in Health.

According to Kim's resignation to assume responsibility for the managing Director of the world Bank, Kristalina Georgieva, on a transitional basis, to the presidential post.

Since the founding of the world Bank after the Second world war, occupied the chief post of the house, with headquarters in Washington traditionally of the United States. One of the tasks of the Institute in the fight against poverty. The sister organization of the IMF directs, in contrast, usually Europeans, at present, is the Frenchwoman Christine Lagarde. So now US President Donald Trump could nominate a candidate as successor. The unwritten rule for the distribution of Mail is provided by emerging countries such as China, Russia, India or Brazil, given the growing weight of the emerging countries are increasingly in question.

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