Jude Johnson  The President of World Bank,  Mr. Jim Yong Kim has announced his resignation, three years ahead of time. Kim on a statement on  Monday said he would leave on February 1, 2019. He said: “It has been a great honor to serve as President of this remarkable institution, full of passionate individuals dedicated…

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Jude Johnson

The President of World Bank,  Mr. Jim Yong Kim has announced his resignation, three years ahead of time.

Kim on a statement on  Monday said he would leave on February 1, 2019.

He said: “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.

“The work of the World Bank Group is more important now than ever as the aspirations of the poor rise all over the world, and problems like climate change, pandemics, famine and refugees continue to grow in both their scale and complexity.”

It was not clear why Kim suddenly announced his departure from the Washington DC, United based global financial institution, when he had more than three years left in his tenure. He was first elected president in 2010 and got reelected in 2017 for another five-year term.

Kim contested the office with Nigeria’s former Minister of Finance, Dr. Ngozi Okonjo-Iweala.

Kristalina Georgieva, the chief executive of the World Bank, will take over as interim president when he departs.

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Source:Global Sentinel