Friday, September 02, 2016
Why China's MOF Support Mr. Jim Yong Kim’s Reappointment of WB President
ANBOUND
Recently, the Ministry of Finance of China publicly supported Mr. Jim Yong Kim's reappointment to be the World Bank President, which is rarely seen in history. However, many staffs in World Bank have been side against Mr. Jim’s second term. So why dose China support him so steadily? According to the MOF’s statement, Mr. Jim has contributed much on improving the cooperation between World Bank and other new-created multilateral institutions like AIIB and New Development Bank, strengthening the power of multilateral financial system. Obviously, the most important reason for MOF to back Mr. Jim is that he supported the establishment and growth of AIIB and NDB. China tends to deal with a WB President who is more tolerant and moderate.