Jim Yong Kim to step down as World Bank chief on February 1st

2019-01-08 3

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 with 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 U.S. President Donald Trump selects Kim's successor.

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