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Jim Yong Kim, World Bank President reveals plan to Step Down

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The World Bank President, Jim Yong Kim has announced his plan to step down from his role and join the private sector, TOPNAIJA.NG can confirm.

Kim, who has headed the World Bank since 2012, will be stepping down from the role on February 12.

The bank’s second in command, Kristalina Georgieva, will take over Kim’s role, serving as interim president.

Kim, in a recent statement, said he’ll be joining the private sector where he feels he can make a more powerful impact.

The opportunity to join the private sector was unexpected, but I’ve concluded that this is the path through which I will be able to make the largest impact on major global issues like climate change and the infrastructure deficit in emerging markets.

Photo Credit: Andrea Verdelli/Getty Images

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