world Bank President Jim Yong Kim assigns in advance. The Americans will be office 1. February, informed the organization. It’s been his “great honor”, of the Institution to preside over more than six years, quoting the world Bank, the outgoing President.

The 59-Year-old announced that he was going to join a company that is taking care of the Development of infrastructure projects in developing countries.

Kim had begun in July of 2017, his second term of office, which should last until mid-2022. His duties will be taken over from February temporarily from the world Bank-Manager, Kristalina Georgieva.

Since the founding of the world Bank after the Second world war, the chief post of the house, with headquarters in Washington, traditionally occupied by the United States. The International monetary Fund the IMF is a European, at present, the French Christine Lagarde runs normally. One of the tasks of the world Bank in the fight against poverty.

dissatisfaction with the Kim administration

Kim was born in 1959 in South Korea and grew up in the United States. He had been chosen in 2012 by then-US President Barack Obama as a successor to Robert Zoellick. In contrast to his predecessors Kim, however, was neither a politician, Banker or Diplomat, but a physician. International experience he had gained, especially as the Director for Aids at the world health organization WTO.

Kim had announced in more than six years at the helm of the world Bank, annually, many billions of dollars in up to 100 countries, especially the consequences of climate change and the outbreak of diseases in the fight.

He had assumed after his first five years in office in the summer of 2017, his second term of office. However, there was already in his re-election, dissatisfaction with Kim’s presidency. The staff had addressed an open letter to the governing bodies and of a “leadership crisis” and of the need for reform discussed.

In the world Bank are closed to 189 countries as members, the US is the largest shareholder. It is expected that the US will have a say in the succession decision is crucial. US President, Donald Trump is a critic of international organizations such as the world Bank. US-internally, he drove the efforts for development aid.


Sam Yoon has many years of experiences in journalism. He has covered such areas as information technology, science, sports and politics. Yoon can be reached at 82-2-6956-6698.