Business

World Bank President Kim resigns prematurely

More than three years to the expiration of his tenure in 2022, the World Bank Group President, Jim Yong Kim, has announced that he will resign from February 1, the multilateral lender said.

Kim, 59, made this known, Monday, disclosing that he will immediately join a firm and focus on increasing infrastructure in developing countries, but the bank did not provide further details.

In the interim, the World Bank’s chief executive officer, Kristalina Georgieva, will assume the role of president when Kim departs.

The Korean-born American will leave the role at the end of January, the Washington-based World Bank said in a statement.

The resignation comes as a surprise, as Kim was voted in for a second five-year term in the role in 2016.

The World Bank’s main role is to finance projects to fight poverty and its causes around the globe.

Kim was born on Dec. 8, 1959 and also a Korean-American physician and anthropologist who, has been serving as the 12th and current President of the World Bank since 2012.

He announced on Jan. 7, that he will be stepping down from his current role as President, effective from Feb. 1, 2019.

A global health leader, Kim was formerly the Chair of the Department of Global Health and Social Medicine at Harvard Medical School, and a co-founder and executive director of Partners In Health.

Kim was named the world’s 50th most powerful person by Forbes Magazine’s List of The World’s Most Powerful People in 2013.

He was awarded an M.D. at Harvard Medical School in 1991, and a PhD in anthropology at Harvard University in 1993.

He was among the first enrollees of Harvard’s experimental MD/PhD programme in the social sciences.

Comment With Facebook

Comments (209)

  1. I’m not sure where you are getting your info, but great topic. I needs to spend some time learning much more or understanding more. Thanks for wonderful information I was looking for this information for my mission.|

  2. Basil Gonzales is historical past of the people use to call him up and he totally digs that term. I am really fond of to jog and I will be starting another thing along for it. Data processing has been my profession for a period of time. My family lives in Puerto Rico and my parents live lieu. See what’s new on this website here: #link#

  3. May I simply say what a comfort to discover an individual who really understands what they’re discussing on the internet. You definitely understand how to bring a problem to light and make it important. More people really need to check this out and understand this side of your story. I was surprised you aren’t more popular because you most certainly possess the gift.|

  4. I know this if off topic but I’m looking into starting my own blog and was curious what all is needed to get setup? I’m assuming having a blog like yours would cost a pretty penny? I’m not very internet savvy so I’m not 100 certain. Any suggestions or advice would be greatly appreciated. Kudos|

  5. Hey I know this is off topic but I was wondering if you knew of any widgets I could add to my blog that automatically tweet my newest twitter updates. I’ve been looking for a plug-in like this for quite some time and was hoping maybe you would have some experience with something like this. Please let me know if you run into anything. I truly enjoy reading your blog and I look forward to your new updates.|

  6. I just want to mention I’m beginner to blogging and definitely savored this web blog. Almost certainly I’m going to bookmark your blog post . You surely have terrific well written articles. Many thanks for revealing your web-site.

  7. Do you have a spam issue on this website; I also am a blogger, and I was curious about your situation; many of us have developed some nice practices and we are looking to swap solutions with other folks, why not shoot me an e-mail if interested.|

  8. Your style is very unique compared to other folks I have read stuff from. Thanks for posting when you’ve got the opportunity, Guess I will just bookmark this blog.

  9. Oh my goodness! Amazing article dude! Thanks, However I am having difficulties with your RSS. I don’t understand the reason why I can’t join it. Is there anyone else getting identical RSS problems? Anybody who knows the answer will you kindly respond? Thanks!!

Comment here

This site uses Akismet to reduce spam. Learn how your comment data is processed.