World Bank President Jim Yong Kim to step down on Feb 1
World Bank President Jim Yong Kim announced that he will step down from his position on February 1 - much before the end of his term in 2022.
Kim, has been in this position for over six years now.
the World Bank said he will join a firm and focus on increasing infrastructure investments in developing countries.
Kristalina Georgieva, World Bank CEO, will assume the role of interim President effective 1st of next month.
The president of the Washington-based World Bank has always been an American citizen nominated by the United States, which is the largest shareholder of this multilateral financial institution.
The World Bank is an international financial institution that provides loans to countries of the world for capital projects. It comprises two institutions: the International Bank for Reconstruction and Development, and the International Development Association. The World Bank is a component of the World Bank Group.
President: Jim Yong Kim
Headquarters: Washington, D.C., United States
CEO: Kristalina Georgieva (2 Jan 2017–)
Purpose: Economic development
Membership: 190 countries (IBRD); 173 countries (IDA)
International Bank for Reconstruction and Development (IBRD), and the International Development Association (IDA).
World Bank President Jim Yong Kim announced that he will step down from his position on February 1 - much before the end of his term in 2022.
Kim, has been in this position for over six years now.
the World Bank said he will join a firm and focus on increasing infrastructure investments in developing countries.
Kristalina Georgieva, World Bank CEO, will assume the role of interim President effective 1st of next month.
The president of the Washington-based World Bank has always been an American citizen nominated by the United States, which is the largest shareholder of this multilateral financial institution.
The World Bank is an international financial institution that provides loans to countries of the world for capital projects. It comprises two institutions: the International Bank for Reconstruction and Development, and the International Development Association. The World Bank is a component of the World Bank Group.
President: Jim Yong Kim
Headquarters: Washington, D.C., United States
CEO: Kristalina Georgieva (2 Jan 2017–)
Purpose: Economic development
Membership: 190 countries (IBRD); 173 countries (IDA)
International Bank for Reconstruction and Development (IBRD), and the International Development Association (IDA).
