CURRENT AFFAIRS

Detailed explanation-1: -World Bank Group President Jim Yong Kim unexpectedly resigned on Monday, more than three years before his term ends in 2022, amid differences with the Trump administration over climate change and the need for more development resources.

Detailed explanation-2: -The international financial institution, World Bank has appointed Indermit Gill, as its chief economist and senior vice-president for development economics at the multilateral development bank. His appointment will be effective September 1, 2022.

Detailed explanation-3: -The bank said Ahmad brings to this post deep experience and understanding of international development. The World Bank’s India head Junaid Kamal Ahmad has been appointed as a Vice President of the international lending institution.

Detailed explanation-4: -Jim Yong Kim (Korean: ; born December 8, 1959), also known as Kim Yong (/), is an American physician and anthropologist who served as the 12th president of the World Bank from 2012 to 2019.