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

Mercury Seek Defensive Fixes in Sun Rematch

The Phoenix Mercury will try to halt the WNBA’s longest active losing streak when they host the Connecticut Sun on…

19 hours ago

White Sox Rout Blue Jays 12-4 in Second-Half Opener

The Chicago White Sox began the second half of the season with a commanding 12-4 win over the Toronto Blue…

2 days ago

Wildfire Smoke Triggers Chicago Air Alert

Canadian wildfire smoke pushed air quality across the Chicago area into dangerous territory, prompting government warnings for residents to limit…

4 days ago

Illinois 53 Resurfacing Starts July 28

Resurfacing work on Illinois 53 in Joliet is scheduled to begin July 28, according to the Illinois Department of Transportation.…

6 days ago

CPS Cuts 162 Jobs Amid $732M Deficit

Chicago Public Schools has notified 162 central office and citywide employees that their positions are being eliminated as the district…

6 days ago

Chicago Urges Heat and Storm Preparedness

The Chicago Office of Emergency Management and Communications urged residents to prepare for extreme heat and possible severe weather impacts…

1 week ago

This website uses cookies.