World Bank announces the resignation of two senior officials

[yota691]

World Bank announces the resignation of two senior officials

November 7, 2015

 

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Our economy / Washington

The World Bank announced in a note that two of its senior officials are French Finance Director Bertrand Prodromal and chairman of the China International Finance Corporation Jin Yong Kai will resign from their posts.

And Bertrand Prodromal former general manager of the bank Societe Generale, took office in March 2013 and was at the heart of this debate within the International Finance Corporation about bonuses. It has supervised especially on a controversial plan to cut costs and enhance the financial strength of the World Bank.

Said World Bank President Jim Yong Kim in the note that the efforts Prodromal "invaluable in taking decisive action regarding the ability to secure revenues and control expenses."

The Prodromal at the end of 2014 at the center of controversy within the World Bank after he promised to reward him of $ 94 thousand, but in the end was forced to give up because of the protest movements by the staff.

Prodromal confirmed in a statement that "proud of what we accomplished and looking for new challenges."

The Chinese Jin Yong Kai President of the International Finance Corporation branch to the private sector at the World Bank, will leave his post in December.

The World Bank president said in the memo that "Jin Yong bear a great responsibility in the allocation of money and achieved exceptional results."

The International Finance Corporation has been criticized several times by civil society organizations such as Oxfam and Amnesty International, because of the lack of audited at some selected development projects.

Since assuming the presidency of the World Bank in June 2012, Jim Yong Kim, the process of reforming and wide to this body that compete more and more other international institutions in the economic development sector.

A source close to the World Bank that "the new ads will be issued" during the current week.

 

[64jaguar]

Guess they knew too much, At least they didn't get thrown off the roof of some building.....

[yota691]

World Bank .. about two senior officials resignation

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World Bank Group building in Washington (file)

Posted: Sunday, November 08 2015

(Washington, AFP)

The World Bank in a note obtained by AFP, a copy of which announced that two of its senior officials are French Finance Director Bertrand Prodromal and chairman of the China International Finance Corporation Jin Yong Kai will resign from their posts.

And Bertrand Prodromal former general manager of the bank Societe Generale, took office in March 2013 and was at the heart of this debate within the International Finance Corporation about bonuses, has presided over a controversial plan to cut costs and enhance the financial strength of the World Bank.

 

 

Said World Bank President Jim Yong Kim in the note «The efforts Prodromal invaluable in taking decisive action regarding the ability to secure revenues and control expenses».

 

The Prodromal at the end of 2014 at the center of controversy within the World Bank after he promised to reward him of $ 94 thousand, but eventually forced to give up because of the protest movements by the staff.

 

 

Prodromal confirmed in a statement received by AFP, a copy of which he «proud of what we accomplished ... and looking for new challenges».

 

Lama and the Chinese Jin Yong Kai President of the International Finance Corporation branch to the private sector at the World Bank, will leave his post in December.

A source close to the World Bank that the «new ads will be issued» next week.