Donald Trump Will Get Chance to Pick World Bank’s Chief

Jim Yong Kim, the president of the World Bank since 2012, unexpectedly announced that he will be leaving his post on February 1, more than three years ahead of the end of his second term. He was scheduled to serve through 2021, which would have meant his successor would not have been appointed during the first term of the Trump presidency. Every past World Bank president has been picked by the United States, including Kim, who was previously the president of Dartmouth College. The U.S. Treasury is the largest shareholder of the bank, with about 16 percent of its voting sharees. -- More...