Jim Yong Kim to step down as World Bank chief on February 1st
- 5 years ago
The head of World Bank is on his way out.
Jim Yong Kim announced his sudden resignation on Monday,... despite having three years left in his term.
The Korean-American did not give a reason for his decision,... but said he will be stepping down on February 1st.
The World Bank says Kim will "join a firm a focus on increasing infrastructure investments in developing countries".
The former medical doctor will also rejoin the board of Partners in Health,... an organization he co-founded.
Another World Bank official will take the reins as interim chief before President Trump selects Kim's successor.
Jim Yong Kim announced his sudden resignation on Monday,... despite having three years left in his term.
The Korean-American did not give a reason for his decision,... but said he will be stepping down on February 1st.
The World Bank says Kim will "join a firm a focus on increasing infrastructure investments in developing countries".
The former medical doctor will also rejoin the board of Partners in Health,... an organization he co-founded.
Another World Bank official will take the reins as interim chief before President Trump selects Kim's successor.