WASHINGTON — Jim Yong Kim, the president of the World Bank, announced Monday he is resigning at the end of January. It will give President Donald Trump the opportunity to nominate his choice to fill the World Bank post. The 189-nation World Bank is the largest government source for development funding, providing low-cost loans for projects around the world. Since the creation of the World Bank at the end of World War II, its leaders have all been Americans. The World Bank said Kim will be succeeded Feb. 1 on an interim basis by Kristalina Georgieva, its chief executive officer.

Source: National Post January 07, 2019 17:21 UTC