Caixin
Jan 25, 2019 08:37 PM
WORLD

World Bank Chief’s Resignation Marks End of Era Hamstrung by Overreaching Reforms, Trump Deal

World Bank President Jim Yong Kim on Nov. 6. Photo: VCG
World Bank President Jim Yong Kim on Nov. 6. Photo: VCG

On Jan. 7, World Bank President Jim Yong Kim announced that he would be stepping down three years early from the post he has held for nearly seven years. The announcement caught the world by surprise.

The 59-year-old was appointed to the World Bank presidency in July 2012 by U.S. President Barack Obama and was re-elected in September 2016 with the unanimous consent of the bank’s board of directors.

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