Jim Yong Kim leaves the presidency of the World Bank

World Bank President Jim Yong Kim announced in a surprise manner that he resigned after six years at the post.

His resignation will take effect on February 1st.

million. Kim, 59, was not indebted. He will leave office until 2022, after being re-elected for a second five-year term in 2017.

He will "join a company and focus on increasing investment in infrastructure in the United States." developing countries, "said the World Bank.

In a statement, Mr. Kim said, "It has been a great honor to serve as President of this remarkable institution, filled with passionate individuals dedicated to the mission of ending the extreme poverty in our lifetime ".

No reason was

Mr. Kim's position was contrary to US President Donald Trump's policy on climate change, but he had avoided public clashes with the Trump administration .

Kristalina Georgieva, Executive Director of the World Bank, will assume the role of Acting President.

The World Bank is responsible for financing international development projects. Founded in 1947 to help rebuild European countries ravaged by the Second World War, it supports infrastructure projects through traditional loans, interest-free credits and grants.

million. Kim was born in Seoul, South Korea, having trained as a doctor. climbing the ladder to the Bank

He was appointed by former US President Barack Obama for his first and second terms as president of the World Bank.

Positioned at 41 in the Forbes Power People 2018 ranking, Kim presided over billions of dollars in World Bank funding. In 2018, the multilateral institution made financial commitments worth $ 67 billion.