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Significance
Kim's departure creates unforeseen turbulence at the institution, whose corporate commitments around climate change, gender and renewable energy are anathema to the current US administration.
Impacts
If the US nominee is an ideological conservative, World Bank relations with either the United States or other shareholders will be damaged.
Short-term impacts on Bank operations will be minimal.
Kim’s belief that he can affect “global issues” more in the private sector emphasises the importance of the Bank reviving its global role.
Keywords:
International,
INT,
United States,
economy,
aid,
capital flows,
environment,
finance,
infrastructure,
private sector,
public sector,
talks,
climate,
welfare
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2019
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