Microsoft founder Bill Gates was pictured speaking with World Bank (former) President Jim Yong Kim at the 1st China International Import Expo in Shanghai, Monday, 3/23/2020.
Bill Gates commits $100 million
The Microsoft co-founder Bill Gates announced $100 million aid from Bill and Melinda Gates Foundation to combat COVID-19— half of which will go towards developing vaccines, treatment, and diagnostics.
World Bank Group President Jim Yong Kim unexpectedly resigned on Monday, (Published: 5:30am, 8 Jan, 2019) more than three years before his term ends in 2022, amid differences with the Trump administration over climate change and the need for more development resources.
Kim, nominated by former US President Barack Obama for two five-year terms, had pushed financing for green energy projects and largely dropped support for coal power investments, but had avoided public clashes with the Trump administration, which has made reviving the US coal sector a priority.
Will World Bank chief's exit spark a succession battle with Trump?
8 Jan 2019
Kim told World Bank employees in an email that he was leaving the world’s largest lender and donor to poor and middle-income countries on February 1 to join a private-sector firm focused on infrastructure investments in the developing world.
The World Bank said its board on Thursday adopted a new plan to aid China with $1 billion to $1.5 billion in low-interest loans annually through June 2025, despite the objections of U.S. Treasury Secretary Steven Mnuchin and several U.S. lawmakers.
Mnuchin told a House Financial Services Committee hearing that the Treasury’s representative on the board had objected on to the plan on Wednesday, adding he wants the World Bank to “graduate” China from its concessional loan programs for low- and middle-income countries.
Jim Yong Kim, along with Paul Farmer, Todd McCormack, Thomas J. White, and Ophelia Dahl, co-founded Partners In Health (PIH) in 1987. [ALL OF THEM ENTANGLED WITH CLINTONS) The organization began with radical new, community-focused health care programs in Haiti, which executed treatments based on local needs and by training community members to implement them.
He now works for Global Infrastructure Partners (GIP) is an infrastructure investment fund making equity and selected debt investments. Also returned to PIH.
The firm's first investment was announced in October 2006. It was a 50:50 joint venture between GIP and American International Group (AIG) to acquire London City Airport for an undisclosed sum. GIP announced the sale of the asset in February 2016 for a significant multiple of its acquisition price.
GIP has made two additional notable airport investments: the October 2009 acquisition of Gatwick Airport, the second largest airport in the United Kingdom by passenger traffic, for £1.5 billion from BAA and the 2012 acquisition of Edinburgh Airport for £807 million. Other notable investments are
* Borkum Riffgrund 2
* Clearway Energy
* Competitive Power Ventures
* EnLink Midstream
* Freeport LNG
* Gas Natural SGD, S.A.
* Gode Wind 1
* Guacolda Energia
* Hess Infrastructure Partners
* Medallion Gathering & Processing
* Naturgy Energy Group
* Nuovo Trasporto Viaggiatori
* Pacific National
* Port of Melbourne
* Saeta Yield/Bow Power
* Terminal Investment Limited
* Vena Energy