Kim Resigns as World Bank President

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Jim Yong Kim, World Bank President has announced plans to resign from the World Bank on February 1st, 2019 to join a firm focused on infrastructure investments, the Bretton wood institute announced Monday.

Kim is leaving the bank nearly three years before his term is set to expire in 2022, to focus on increasing infrastructure investments in developing countries, the bank stated adding that the details of this new position will be announced shortly.




In addition to working on infrastructure investments, Kim announced that he will also be re-joining the board of Partners in Health (PIH), an organization he co-founded more than 30 years ago. 


Kristalina Georgieva, World Bank CEO, will assume the role of interim President effective February 1, the bank’s statement added.

A South-Korean-born physician and anthropologist, raised in the United States, Kim has served as president of the World Bank since 2012. He was re-elected for a second five-year term that began in 2017.

Prior to taking the helm at the bank, he was the President of Dartmouth College, becoming the first Asian-American to lead the Ivy League institution.

He previously held posts at Harvard University and the World Health Organization (WHO), where he was known for his work in combatting HIV/AIDS.