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Is the New Year's resignation season coming? Kim Min Jong also resigned

Golden resigned.

This gold is not the other person, he is the President of the World Bank.

According to Reuters, World Bank President Kim Min Jong suddenly announced his resignation on the 7th, and officially took effect on February 1. The World Bank subsequently issued a statement confirming the news that Kim Min Jong will leave, but the statement did not give the specific reason for Kim Min's resignation.

According to the World Bank statement, Kim Min Jong will immediately join a private company and focus on infrastructure development in developing countries in the future.

Jim Yong Kim is a Korean-American who has been the President of the World Bank since 2012. In 2016, Kim Min Jong was re-elected and his term will last until 2022.

After the end of the term, there are still more than three years. Jin Hao suddenly resigned. Is it true that the New Year's resignation season has arrived?

Medical Doctor is the World Bank President's Controversy

According to the US media VOX, Kim Min Jong was born in Seoul, South Korea in 1959. When he was 5 years old, he immigrated to the United States with his family. Kim Min Jong's academic background focuses on the medical field and received his Ph.D. from Harvard Medical School.

Golden's early experience has also focused on the medical field, including former head of the Harvard Medical School, president of Dartmouth College, and advisor to the Director-General of the World Health Organization.

Until 2012, former US President Barack Obama nominated Kim Min Jong as World Bank President, and Kim Min Jong turned to the World Bank.

According to VOX, the appointment of early Jin Hao caused a lot of controversy, because the previous presidents basically had a financial or economic background.

The World Bank, which was established in the late World War II, mainly provided loans for some large-scale infrastructure projects. Since the 1970s, the World Bank has turned its focus to poverty eradication and promote sustainable development. Recently, the World Bank The focus shifts to technical support.

These seem to have little to do with a global medical expert.

But Kim Jong quickly adapted to the job and made important contributions to eradicating poverty, tackling epidemics, climate change, and refugee issues. His work has also received strong support from the United States and was re-elected in 2016.

Disagree with Trump and get rid of it?

According to the BBC, although as an American, Kim Min and Trump have differences on various issues.

The issue of climate change is the main area where the two disagree. During his tenure as World Bank President, Kim Min Jong terminated his support for coal power projects, but Trump has always claimed to revive the US coal industry.

On the issue of World Bank loans, Kim Min Jong also has some differences with the Trump administration. In April 2018, the World Bank decided to increase capital, but the United States, the largest contributor, demanded a substantial reduction in loans to China. The Bank had to change the loan structure to secure a $13 billion capital increase.

As a result, there are rumors that Kim Min may have resigned because he did not agree with Trump.

But according to a source quoted by Reuters, Kim Min resigned mainly for personal reasons, not by the Trump administration.

Golden said that the opportunity to join private companies is sudden, but I think this is one that I can do more on some major international issues such as climate change and infrastructure shortages in developing countries. road.

It is unclear whether Kim Min Jong's resignation due to his disagreement with Trump, but Kim's resignation will undoubtedly give Trump the space to designate the next president's nominee and influence the Bank's loan structure.

The World Bank is in the United States, and the IMF is in Europe

As the largest investor in the World Bank's 189 member states, the United States has the largest voice in the World Bank.

According to Bloomberg, since its founding in 1945, all the presidents of the World Bank have been Americans. In the Western world, the World Bank is controlled by Americans, and its sister organization, the International Monetary Fund (IMF), has become a tacit consensus.

As the two major international financial institutions established after World War II, the World Bank was established to help Europe rebuild and now focus on poverty eradication; the IMF is responsible for monitoring currency exchange rates and international trade, providing technology to countries in need. And financial assistance.

After Kim Min Jong's resignation, Trump's choice against the successor of the World Bank's successor, which has been opposed to multilateralism, may raise concerns.

Bloomberg said that if Trump's nominee and Trump's own opinion are unfriendly to the World Bank's organization, the nomination may trigger resistance from other member states, and some emerging market countries hope to nominate their own country. representative.

In addition, Trump's choice may also affect the bank's loan structure. The Trump administration has previously expressed opposition to the Bank's loans to developing countries.

A senior official of an international charity told the Guardian that he was worried that the appointment of the president of the World Bank would become a political game, which would seriously affect the Bank's aid work.

University of Chicago professor Raghuram Rajan told Bloomberg that as populist and globalized disputes become more prevalent, the World Bank and IMF leaders will be subject to increasing political pressure. But if such organizations want more support, the World Bank president is American, and the IMF president is a European tradition that must be terminated.


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