World Bank President Jim Yong Kim to prematurely leave his post. It took him more than six years, to the position Kim was nominated by the previous President Barack Obama. The reasons for leaving were not disclosed, he could remain President until 2022.
About the imminent resignation of Jim Yong Kim announced the press service of the WB. “For me it was a great honor to work as the President of this outstanding institution full of people, passionate about their job – the eradication of extreme poverty,” the statement said Kim.
According to him, now the work of the WB “is more important than ever before because the number of poor is increasing worldwide, and the problems of climate change, epidemics, hunger and refugees become only more serious and more difficult”, reports the BBC.
As reported by the British Guardian referring to the interlocutors close to the Bank, the dismissal is a personal decision Kim. As noted in the press release of the institution, the outgoing President after the resignation will go into a private firm and would focus on improving infrastructure investments in developing countries.
No new job Kim or the office if not called. In addition, the President of the world Bank plans to return to the Board based upon his participation in the 1987 international non-governmental organization “Partners in health”.
After the departure of Kim, the acting head of the Bank since February 1, will become Executive Director Kristalina Georgieva. She is a citizen of Bulgaria, worked in a Bank from 1993 to 2010 in various positions, mainly in the sphere of economy and sustainable development.
In 2004 she became the Director and Ambassador of the organization in Russia. Later Georgieva moved to the international Bank for reconstruction and development, but 2017 is back in the Bank, becoming its chief Executive officer.
By tradition, the presidents of the world Bank become citizens of the United States is the largest shareholder companies.
“We appreciate Kim’s service to the world Bank. The Bank will continue to work under the able guidance of Kristalina Georgieva as interim President, – said the representative of the U.S. Treasury. The Minister looks forward to joint work with your colleagues to elect a new leader.”