World Bank president Resigns; Giving Trump a Chance to Nominate his Choice

Jim Yong Kim, the president of the World Bank, announced Monday he is resigning at the end of January. 

Ariana News Agency- 

Jim Yong Kim has announced he is stepping down as the head of the World Bank, in a move that sent shockwaves through the international aid community.

The official announcement of his departure provided no reason for his sudden departure. It will give Trump the opportunity to nominate his choice to fill the World Bank post.

He will leave by 1 February, three and a half years before the expiry of his term in 2022.

The Washington-based organisation is one of the largest donors to developing countries and, while many of its policies have proved controversial, it has been credited with supporting huge infrastructure projects across Asia, Africa and South America since its creation after the second world war.

Kim’s decision to quit for the private sector was described by sources close to the bank as a sudden and “personal decision” that surprised its shareholders – the 189 nations that support its work.