The move, one of the biggest leadership shake-ups in years, served to solidify Kim's grip on power, said analysts. In an expected move, Kim Jong-un was re-elected as chairman of the State Affairs Commission at a session of North Korea’s rubber-stamp legislature that took place on Thursday, Korean Central News Agency (KCNA) said. For the first time, however, state media referred to Kim as "supreme representative of all the Korean people." That title was approved by special decree in February, according to the Associated Press, but has not been used publicly until Friday. It’s unclear whether the changes will be codified in the constitution, but analysts said the shake-up shows Kim has fully come into his own, eight years after he inherited rule from his father, Kim Jong Il. "The transition and power consolidation of the Kim Jong-un regime is complete," said Michael Madden, a nonresident North Korea leadership expert with the Stimson Center, a Washington-based think tank. … [Read more...] about Kim Jong-un consolidates power as North Korea shuffles leadership
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Vice Chairman Kim Yong Chol, a right-hand man to the North Korean strongman, met the embattled president at the White House for an unusually long 90 minutes as the countries seek a denuclearization accord that could ease decades of hostility, the White House said Friday. White House spokeswoman Sarah Sanders said that Trump -- who has opined that he and Kim Jong Un fell "in love" after last year's landmark first summit -- would again meet the North Korean leader "near the end of February" at a location to be announced later. The latest flurry of diplomacy comes little more than a year after Trump was threatening to wipe North Korea off the map, with Pyongyang's nuclear and missile tests rattling nerves in East Asia. Sanders praised North Korea's efforts to reconcile but ruled out, for now, a key demand of Pyongyang -- a lifting of sanctions. "The United States is going to continue to keep pressure and sanctions on North Korea until we see fully and verified denuclearization," … [Read more...] about Trump, Kim to meet anew in month after North Korean visits White House
World Bank President Jim Yong Kim is stepping down in February after six years at the helm of the global development lender (Photo: AFP/Nicolas ASFOURI) Jim Yong Kim, president of the World Bank, has announced that he will retire. This is far earlier than expected. Kim was first appointed in 2011 and was re-elected in 2016 for a five-year term, due to end in 2022. It was widely assumed that Kim would serve out his full term. Instead, he has abruptly declared that he will retire on Feb 1 and take up a job with a private investment infrastructure firm. What’s going on? The president of the World Bank is, in effect, the Pope of the official international development community. He is the ambassador-at-large of “The Bank”. As such, he (the president has always been a “he”) constantly travels the world, giving keynote speeches at major conferences, meeting heads of governments, and holding hundreds of meetings with ministers and officials to discuss … [Read more...] about Did World Bank President Jim Yong Kim leave on his own accord?
The 59-year-old will be leaving the World Bank on February 1 to join an unnamed company. Jim Yong Kim's second term at the head of the development bank was scheduled to end in three years. World Bank President Jim Yong Kim - Photo: Reuters. World Bank President Jim Yong Kim will resign effective February 1, the development bank said on Monday, more than three years before his term ends in 2022. "It has been a great honor to serve as president of this remarkable institution," said Kim, who is joining a private company focused on investments in the developing world. In a letter to bank staff, he said he wanted to leave the organization to "take on new challenges and fully focus my efforts on leveraging private finance for the benefit of people." The bank's chief executive officer, Kristalina Georgieva, will become interim president after Kim's departure. Another US citizen at the top? Kim began his second term as president in July 2017. He succeeded Robert Zoellick in 2012 … [Read more...] about World Bank President Jim Yong Kim resigns
World Bank President Jim Yong Kim delivers a speech in Beijing,China, on Nov 6, 2018. (Nicolas ASFOURI/AFP) The decision is likely to give US President Donald Trump decisive influence over the next leadership of the institution although Washington's control over the 189-member global development lender has faced mounting criticism. "It has been a great honour to serve as president of this remarkable institution, full of passionate individuals dedicated to the mission of ending extreme poverty in our lifetime," Kim, 59, said in a statement. Kim, who became the bank's president in 2012, is set to join an as-yet unnamed firm focusing on investments in developing countries, the bank said in a statement, and will return to the board of Partners In Health, a non-profit group he co-founded. World Bank CEO Kristalina Georgieva will serve as interim president upon Kim's Feb 1 departure, the bank said in a statement. Under Kim, the bank set the goal of eliminating extreme poverty by 2030 and … [Read more...] about World Bank President Jim Yong Kim announces resignation