It was a big shock when Kim Yong made his intention of stepping down as the World Bank President known. This is because he still has some years to go before the expiration of his tenure. Kim Yong was re-elected for the 2nd term in 2017 and still has some years left before his 5 year tenure expires.
With this new development, the set date for him to leave office is on the 1st of February and Kristalina Georgieva, the Chief Executive Officer of the World Bank will be in charge as an interim.
Kim Yong addresses, “It’s 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”. He also added, “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”.
Kim Yong added his own quota to the health sector during his period with Partners in Health. He championed the treatment of multi-drug-resistant tuberculosis (MDR-TB) in a poor country. It was the first large scale attempt and was emulated by more than 30 countries over the world.
As the World Bank President, he influenced the business world in the best way he could by fulfilling all his earlier promises of ensuring growth in the income of countries in the world and reducing of poverty. His achievements has been published in Time Magazine in 2006 and Forbes Magazine’s List of The World’s Most Powerful People in 2013.
Before joining the Bank, the South Korean-born physician and anthropologist was the President of Dartmouth College. He also served in Harvard University and the World Health Organization (WHO), where he was known for the work he did in tackling HIV/AIDS.
No doubt Kim Pong has had an interesting life and career. According to him, he plans on working with a firm that is focused on developing infrastructure for developing countries.
Entrepreneurs.ng is yet to get full reason for Kim’s early resignation. Whatever may be the reason, we wish him well as he continues to win.
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