World Bank President Jim Yong Kim is stepping down in February after six years at the helm of the global development lender (Photo: AFP/Nicolas ASFOURI) Jim Yong Kim, president of the World Bank, has announced that he will retire. This is far earlier than expected. Kim was first appointed in 2011 and was re-elected in 2016 for a five-year term, due to end in 2022. It was widely assumed that Kim would serve out his full term. Instead, he has abruptly declared that he will retire on Feb 1 and take up a job with a private investment infrastructure firm. What’s going on? The president of the World Bank is, in effect, the Pope of the official international development community. He is the ambassador-at-large of “The Bank”. As such, he (the president has always been a “he”) constantly travels the world, giving keynote speeches at major conferences, meeting heads of governments, and holding hundreds of meetings with ministers and officials to discuss … [Read more...] about Did World Bank President Jim Yong Kim leave on his own accord?
World Bank President Jim Yong Kim - Photo: Reuters. World Bank President Jim Yong Kim will resign effective February 1, the development bank said on Monday, more than three years before his term ends in 2022. "It has been a great honor to serve as president of this remarkable institution," said Kim, who is joining a private company focused on investments in the developing world. In a letter to bank staff, he said he wanted to leave the organization to "take on new challenges and fully focus my efforts on leveraging private finance for the benefit of people." The bank's chief executive officer, Kristalina Georgieva, will become interim president after Kim's departure. Another US citizen at the top? Kim began his second term as president in July 2017. He succeeded Robert Zoellick in 2012 under former US President Barack Obama. His departure will give President Donald Trump the opportunity to appoint a replacement at the helm of the 189-member bank. The organization, which is … [Read more...] about World Bank President Jim Yong Kim resigns
World Bank President Jim Yong Kim delivers a speech in Beijing,China, on Nov 6, 2018. (Nicolas ASFOURI/AFP) The decision is likely to give US President Donald Trump decisive influence over the next leadership of the institution although Washington's control over the 189-member global development lender has faced mounting criticism. "It has been a great honour to serve as president of this remarkable institution, full of passionate individuals dedicated to the mission of ending extreme poverty in our lifetime," Kim, 59, said in a statement. Kim, who became the bank's president in 2012, is set to join an as-yet unnamed firm focusing on investments in developing countries, the bank said in a statement, and will return to the board of Partners In Health, a non-profit group he co-founded. World Bank CEO Kristalina Georgieva will serve as interim president upon Kim's Feb 1 departure, the bank said in a statement. Under Kim, the bank set the goal of eliminating extreme poverty by 2030 and … [Read more...] about World Bank President Jim Yong Kim announces resignation
The sister of North Korean leader Kim Jong-Un will visit the South this week for the Pyeongchang Winter Olympics, Seoul said Wednesday. Kim Yo-Jong, who is a senior member of the ruling Workers' Party, will be part of a high-level delegation due Friday and led by the North's ceremonial head of state, the unification ministry said. Kim Yo-Jong was promoted in October to be an alternate member of the party's powerful politburo, the decision-making body presided over by her brother. In her late 20s, she has frequently been seen accompanying her brother on his "field guidance trips" and other events and is known to have been involved in the party's propaganda operations. The North has always kept its leadership within the family -- Kim Jong-Un is the third generation of the dynasty to lead the country, after his father Kim Jong-Il and grandfather Kim Il-Sung, the North's founder. Kim Jong-Il fathered both Kim Jong-Un and Kim Yo-Jong with his third partner, former dancer Ko Yong-Hui. … [Read more...] about Kim Jong-Un’s sister to visit S.Korea this week: Seoul
Mr. Kim In Yong’s most recently known address is 163-2 Samjeong Ri Gulyong Poeup Nam Gu, Pohang city, Kyungsangbuk Do, the Republic of Korea. His passport number is GB0497063.In the Decree of Divorce (No. 32/2017/HNGD-ST) dated August 15, 2017, the court’s judgements were stated as followed:I. Marital relationship:1. The court accepted Ho Thi Kim Han’s request to divorce Kim In Yong 2. The court accepted Ho Thi Kim Han’s request to take care of their child, Kim Seryeong, born on January 2, 2008, who is currently living with her. 3. Mr Kim In Yong is not required to provide financial support for their child.4. Ms. Ho Thi Kim Han and her family are not allowed to prevent Kim In Yong … [Read more...] about Dong Thap Court’s ruling on divorce case involving King In Yong, Ho Thi Kim Han