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Jim Yong Kim to step down as World Bank chief on Feb. 1st

2019-01-08 5 Dailymotion

김용 세계은행 총재 돌연 사임…"내달 1일 물러날 것"<br /><br />The head of World Bank is stepping down from his post in February.<br />On specific reasons for the decision, Jim Yong Kim, the first Asian-American to lead the international body, had no comments.<br />Choi Si-young has the full story. <br />At Monday's board meeting, World Bank President Jim Yong Kim announced suddenly that he is resigning... despite having three years left in his term.<br />In his resignation statement, the Korean-American didn't elaborate on the reason for his departure but said it was a great honor to serve as president for the mission of "ending extreme poverty in our lifetime."<br />The bank said in a statement that Kim will "join an as-yet named firm focusing on increasing infrastructure investments in developing countries."<br />The former medical doctor will also return to the board of Partners In Health, a non-profit group he co-founded.<br />Under Kim's leadership, the bank set the goal of eliminating extreme poverty by 2030 and increased financing for developing countries.<br />He also secured the Trump administration support for a 13-billion-dollar capital hike to beef up the bank's lending capacity.<br />But he did accede to U.S. requests that the Bank curb loans to higher-income countries such as China.<br />Regarding Kim's sudden departure, the BBC pointed to disharmony between Trump and Kim on climate change issues.<br />Trump has promised to revive the ailing U.S. coal industry, but the Bank under Kim ended its support for coal power projects.<br />The Guardian and Reuters, however, share a different view, saying that it was Kim's own decision, and Trump administration didn't push him.<br />World Bank CEO Kristalina Georgieva will take the reins as interim chief before President Trump selects Kim's successor.<br />Choi Si-young, Arirang News. <br />

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