>> He's been at odds with President Donald Trump's policy on climate change. And now, World Bank President Jim Yong Kim is stepping down. In a surprise move, the 59-year old physician appointed by former President Barack Obama said, he will leave the World Bank on February 1st, more than 3 years before the scheduled end of his term.
In a statement, Kim said, he will be joining an investment bank to focus on infrastructure and investment in developing countries. David Lawder is covering the story.>> He was definitely a firm believer in the detrimental effects of climate change and sought to investing clean energy projects, and basically abandon coal altogether.
The World Bank has basically stopped investing in coal projects, which is at odds with where the Trump administration is. The administration's been trying to revive the coal industry and has been arguing in favor or development financing for coal fired power projects.>> Sources said, Kim was leaving on his own accord.
It was not pushed out by the Trump administration.>> Nice, yeah, put it on, right?>> Trump who's base of support includes the ailing coal industry will have strong influence in choosing Kim's successor since the US holds a controlling share of the world banks voting rights.>> If they nominate someone who is more of a hardliner who wants to push the coal agenda, they might, in fact, insight a challenge with their choice depending on who that person is.
>> World Bank CEO Kristalina Georgieva, a Bulgarian national will take over next month as interim president. Trump alienated many countries last year with the decision to pull the US out of a global accord aimed at reducing greenhouse gas emissions, which scientists say are a major contributor to global climate change.