Receive up-to-the-minute news updates on the hottest topics with NewsHub. Install now.

World Bank President Jim Yong Kim announces resignation

07 January 2019 5:50 PM
33 0
World Bank President Jim Yong Kim announces resignation

Washington -World Bank President Jim Yong Kim announced Monday he would step down next month, more than three years before his current term was due to expire.

"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.

Kim, who took over leadership of the global lender in 2012, is to join an as-yet unnamed firm focusing on investments in developing countries.

World Bank CEO Kristalina Georgieva will serve as interim president upon Kim's February 1 departure, the bank said in a statement.

Also read: Ramaphosa says independence of the Reserve Bank is 'sacrosanct'

Source: fin24.com

Share in social networks:

Comments - 0