Posted on: NBC News | January 8th, 2019
In his resignation statement, Kim said he planned to join a firm that will focus on increasing infrastructure investments in developing countries. He will also rejoin Partners in Health, an organization he co-founded more than 30 years ago to provide medical support to poor nations.
The World Bank said Kim will be succeeded Feb. 1 on an interim basis by Kristalina Georgieva, its chief executive officer.
“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,” Kim said.
Kim’s permanent successor will be decided by the World Bank’s board of directors. The United States is the largest shareholder in the bank, which is headquartered in Washington.
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