The Future of Power in the World Bank Blog Post
by Laura Wenzel
At the start of January, World Bank President Jim Yong Kim unexpectedly resigned. Appointed by the Obama administration in 2010 and reappointed in 2016, he has left his position nearly three years early to join a private infrastructure investment firm. President Trump now has the power to appoint a new president, which has many people in the international community concerned. Many of the World Bank’s priorities clash with the view of the Trump administration, like climate change and foreign aid. In the past, President Trump has openly expressed skepticism of multilateral institutions.