世界银行

Jim Yong Kim’s resignation tees up World Bank succession battle

The storms that surrounded Jim Yong Kim’s successful bids for the top job at the World Bank in 2012 and 2016 may pale in comparison to the one that lies ahead. 

Mr Kim, a Korean-American academic, on Monday stunned the world of development finance by announcing he would  leave his post as World Bank president in less than four weeks, moving to a private sector firm where he will focus on infrastructure investments in developing countries.

The sudden departure more than three years ahead of schedule tees up a battle between the Trump administration, which will have the central role in choosing his replacement, and critics seeking to break the US stranglehold on the World Bank presidency.

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