Jim Yong Kim resigns as World Bank president

Monday, January 7, 2019

By Phillip Inman

Jim Yong Kim has announced he is stepping down as the head of the World Bank, in a move that sent shockwaves through the international aid community.

He will leave by 1 February, three and a half years before the expiry of his term in 2022.

The Washington-based organisation is one of the largest donors to developing countries and, while many of its policies have proved controversial, it has been credited with supporting huge infrastructure projects across Asia, Africa and South America since its creation after the second world war.

Photo courtesy of Simone D. McCourtie.

Source: The Guardian (link opens in a new window)

development finance, global development