Isolated World Bank chief faced heat on cost cuts and China

Jim Yong Kim squeezed by US demands and internal pushback

20190108N World Bank Kim in China (REUTERS)

World Bank President Jim Yong Kim, left, greets Chinese President Xi Jinping and Xi's wife, Peng Liyuan, at a Beijing event in 2017. The Trump administration has been critical of the bank's financing to China under Kim. © Reuters

TAKESHI KAWANAMI, Nikkei staff writer

WASHINGTON -- World Bank President Jim Yong Kim's sudden decision to resign marks the end of what insiders describe as a tenure caught between the Trump administration's attacks on funding for international bodies and the organization's resistance to cutting costs.

Kim said on Monday he will quit his post on Feb. 1 to take a private-sector job in infrastructure financing for developing countries.

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