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Editor in Chief Mohamed Wadie

World Bank President Resigns


Mon 07 Jan 2019 | 07:52 PM
Taarek Refaat

By: Taarek Refaat

WASHINGTON, Jan 7 (SEE)- President of the World Bank Jim Yong Kim announced his resignation on Monday, described by close sources as a “personal decision.”

Kim will officially retire from his position next February, three years before his term concludes.

In 2017, He was re-elected for a second five-year term.

"It was a great privilege to lead the dedicated staff of this great institution and make us closer than ever to a world free of poverty," Kim wrote on Twitter.

"It was an honor to be the head of this wonderful institution, full of enthusiastic inpiduals devoted to the task of ending extreme poverty in our lives," Kim said in a statement on the World Bank website.

"The World Bank Group is now more important than ever with the growing aspirations of the poor around the world, and problems such as climate change, epidemics, famine, and refugees continue to grow," he said adding that his job as president, who helped put this institution at the center of these challenges was a great privilege.

Kim took office in 2012 with the support of Democratic President Barack Obama.

He was born on December 8, 1959 in Seoul, South Korea, and has worked as a medical doctor before presiding over the bank.