World Bank President Kim to step down on Feb. 1
WASHINGTON, Jan. 7 (Xinhua) -- World Bank Group (WBG) President Jim Yong Kim announced on Monday that he will be stepping down from his position after more than six years at the international lending institution.
World Bank CEO Kristalina Georgieva will assume the role of interim president effective Feb. 1, the World Bank said in a statement.
Kim's resignation from the World Bank came unexpected as he was appointed to a second five-year term as president of the multilateral development bank in 2016.
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