World Bank President Jim Yong Kim on Monday said he would resign from his post at the end of January, more than three years before the end of his term.
“It has been a great honor to serve as President of this remarkable institution, full of passionate individuals dedicated to the mission of ending extreme poverty in our lifetime,” Kim said in a statement. “The work of the World Bank Group is more important now than ever as the aspirations of the poor rise all over the world, and problems like climate change, pandemics, famine and refugees continue to grow in both their scale and complexity.”
Kim, who served as head of the organization for six years, will join a firm dedicated to raising funds toward infrastructure projects in developing countries. World Bank CEO Kristalina Georgieva will serve as interim president effective Feb. 1.
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