Photo: Andy Wong Archives Associated Press
The president of the world Bank, Jim Yong Kim
The president of the world Bank, Jim Yong Kim, announced on Monday that he would resign from the development institution on the 1st of February, four years before the end of his second term.
In a statement, Jim Yong Kim, who has chaired the world Bank for six years, says only that he will join “a company” and focus ” on infrastructure investment in developing countries “.
An American is usually appointed the head of the world Bank, while the direction of the IMF is assigned usually to a European. A sharing of roles now strongly challenged by the emerging countries.
59 years old, it will be replaced in the interim by Kristalina Georgieva, the director general of the world Bank.
“This has been a great honor to serve as president of a remarkable institution, with a strong passionate staff who are dedicated to their mission, which is to eradicate extreme poverty in our lifetime “, he said in a press release that does not give the reason for his departure.
“The work of the world Bank is more important than ever so that the aspirations of the poor are progressing in the world and that issues such as climate change, epidemics, famines, and refugees continue to grow in scope and complexity “, again, wrote Jim Yong Kim.