in Short

World Bank: Resignation of Jim Yong Kim

World Bank President Jim Yong Kim announced on January 7th , in a statement, his resignation which will officially be on February 1st , four years before the end of his second term.

Without justifying his decision, he nevertheless indicates his decision to join the private sector in a company operating in the field of “infrastructure investments in developing countries”.

Kristalina Georgieva, Executive Director of the World Bank, will act as Interim Chair of the Institution.

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