The President of World Banks steps down from his position

The President of World Banks steps down from his position

Jim Yong Kim has decided to leave his position as the President of the World Bank after been at that post for the last six years.

He was elected for the second time in 2017 for five years. He will officially leave his post on February 1.

He has released a statement saying what a honour it was.

The World’s Bank CEO, Kristalina Georgieva will become the interim president till the replacement.

The World Bank was instituted after World War II with a process that an American will head the WB and an European will be the President of IMF.

Will President Trump change this rule?

Mr. Kim’s climatic stances were different to President’s Trump.

He was born in Seoul, South Korea and trained as a medical doctor. He was Barack Obama’s candidate in both the tenures.

He was the 41st Power People in Forbes, 2018.

Managing editor of the Chicago Morning Star

Related Posts
FIFA unveils World Cup final halftime show
The 2026 FIFA World Cup final will introduce a major entertainment addition inspired by the
Onco advances cancer therapy development phase
Onco-Innovations Limited announced a new milestone in the development of its cancer treatment platform, confirming
Stocks hit record highs as oil markets swing
U.S. stock markets climbed to new record highs this week, even as global oil markets
Griezmann Eyes Orlando City Move This Summer
French forward Antoine Griezmann is reportedly closing in on a move to Major League Soccer
Early Bird Flu Surge Hits Europe, North America Hard
Europe and North America are confronting an unusually early and intense surge of bird flu,
Google Warns of Extortion Emails Targeting Executives
Google has issued a warning that hackers are targeting corporate executives with extortion emails, claiming
UK, US Sign $42B Tech Prosperity Deal
The United Kingdom and the United States have finalized a landmark technology pact valued at
Chicago Fire II Loans Cassano to FC Lugano
Chicago Fire FC II has confirmed that forward Claudio Cassano will join FC Lugano on
OpenAI May Launch GPT-5 in August
OpenAI is on track to launch its next-generation artificial intelligence model, GPT-5, as early as
Ice cream makers to drop artificial colors by 2028
A sweeping change is coming to America’s frozen dessert aisle. More than 90% of U.S.