Last month, it appeared that Kim (56) had reported for a new term. His first period of five years runs until June, but the world Bank decided to initiate the procedure for the implementation of the new term, all early to start.
The reappointment of Kim is not uncontroversial. The South Korea-born American has in recent years been a thorough reorganization at the world Bank, which on a lot of resistance encountered within the organization.
With the new term of Kim will change nothing to the traditional distribution of leadership positions at the world Bank and the International Monetary Fund (IMF) between Europe and the United States. Since its establishment in 1944, is the highest boss of the world Bank an American, while the IMF is always headed by a European. Earlier this year, the term of Christine Lagarde as topvrouw of the IMF is extended.
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