Categories: World

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.

Jackson Sorbo

Managing editor of the Chicago Morning Star

Recent Posts

Senate Democrats mock Biden for selling weapons to Israel

Some of President Biden's strongest Senate allies are calling on Israelis to end months of fierce fighting and criticizing the…

10 months ago

The biggest cities in Ukraine are struck by Russian missiles, leaving at least 4 dead and over 100 injured

Ukraine's KYIV — At least four people were killed and nearly 100 injured when Russian hypersonic ballistic missiles attacked Ukraine's…

10 months ago

Good News That’s Much Needed for Biden

The economy is making Americans feel a little more upbeat, especially when it comes to jobs and incomes, which could…

11 months ago

College Ventilation System Reveals Missing Man

The discovery of a decaying body inside a college ventilation system marked the tragic and unexplained end to a missing…

11 months ago

Following three Palestinian shots, a Vermont man was arrested

Following the shooting deaths of three 20-year-old Palestinian-American students in Vermont, authorities have detained a man. According to a news…

11 months ago

China is told to cease “COVID deception” due to the pneumonia outbreak by the US envoy

The United States ambassador to Japan, Rahm Emanuel, urged Chinese authorities "to abandon COVID deception" and demanded that China be…

12 months ago

This website uses cookies.