by Press TV 26-12-2018 The video and some notes of my recent interview in Press TV News on the recent resignation of the World Bank president Jim Yong Kim follows. Kim – an Obama administration nominee – departs the World Bank stating that he had an unexpected offer to join a private firm focusing on investment in climate change and infrastructure in developing economies. The rumoured reason of the resignation is differences with the Trump administration over climate change. However, Kim failed to make this an issue both during his presidency and with his resignation. This resignation actually adds up to the series of resignations from the Trump administration. Although formally not part of the US administration, World Bank – as the IMF also – is in its orbit. These resignations are
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Stavros Mavroudeas considers the following as important: Jim Yong Kim, Mavroudeas, resignation, Video από συνέδρια. τηλεοπτικές εκπομπές κλπ.- Videos from conferences, lectures, tv etc., World Bank
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Press TV 26-12-2018
The video and some notes of my recent interview in Press TV News on the recent resignation of the World Bank president Jim Yong Kim follows.
Kim – an Obama administration nominee – departs the World Bank stating that he had an unexpected offer to join a private firm focusing on investment in climate change and infrastructure in developing economies. The rumoured reason of the resignation is differences with the Trump administration over climate change. However, Kim failed to make this an issue both during his presidency and with his resignation.
This resignation actually adds up to the series of resignations from the Trump administration. Although formally not part of the US administration, World Bank – as the IMF also – is in its orbit. These resignations are generated by the serious conflict within the US establishment between its globalist-liberal and its protectionist-conservative wing. Both of them are pillars of US imperialism but they represent different strategies and factional politico-economic interests.
Kim is a representative of the globalist-liberal wing. He is a typical example. He has been promoted as a hero of the developing countries. In fact, his record is not the best. He is actually an entrepreneur-philanthropist (that is gaining profit from his purported philathropism). His tenure as president of Darnmouth College was marred with controversies – particularly with the students – and characterised as incompetent and authoritarian. The same holds for its tenure of the presidency of the World Bank which has been characterized with conflicts with its employees. In these conflicts Kim show the same authoritarianism. Although, the Obama administration promoted him as ‘an activist and a critic of the World Bank that assumed its helm’, in reality he followed the typical course of the imperialist Washington and post-Washington consensus politics.
His resignation has also wider ramifications. The customary allocation of leading positions in IMF and World Bank between the US and the EU respectively has been challenged already. In fact, Kim’s candidacy had opponents from other countries. Given Trump’s unilateralist policies it remains to be seen if there are going to be any surprises his succession.