Washington, DC, USA
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.
I will be stepping down as @worldbank Group president on February 1. It’s been the greatest privilege I could have ever imagined to lead the dedicated staff of this great institution to bring us closer to a world that is finally free of poverty. https://t.co/jWGoihu7tu
— Jim Yong Kim (@JimYongKim) January 7, 2019
"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.