fbpx
Edit Content

Kim Yong resigns from office as the World Bank President.

Kim Yong

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”.

Start Your Business in 30 Days Even If You Don't Have An Idea
Start Your Business in 30 Days Even If You Don’t Have An Idea

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.

Entrepreneurship is a lonely journey, let us help you get through it with our services.

Share:

Facebook
Twitter
LinkedIn

Leave a Comment

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Join Entrepreneurs Family

No spam, only business insights and tips. 

Entrepreneurs Sign Up

Business Registration

Most Popular

Join Entrepreneurs Family

No spam, only business insights and tips. 

Entrepreneurs Sign Up

Related Posts

Small Business Insurance

Small Business Insurance- Everything You Need To Know

Why does a small business need insurance? Imagine small business insurance as a safety net for your business. It is designed to catch you when unexpected events threaten to tumble your hard work into chaos. This form of insurance comprises various policies designed to provide a financial cushion against the

Power of Trading Signals

The Power of Trading Signals for Financial Market Success

Trading has long captured the hearts and minds of many entrepreneurs worldwide. It offers the opportunity to master the financial markets and capitalize on market movements within its hallowed walls. In today’s article, we will explore the modern tools that assist traders in making potential profits, delving deeper into the

Types of small business insurance

Types of Small Business Insurance Every Business Should Know

Starting a new business is a big deal. It’s exciting and full of possibilities. To move forward confidently, it’s crucial to know about the types of small business insurance that protect your work from costs that unexpected events, like legal issues, damage, or business interruptions, might cause. This article will

Why Entrepreneurs Embrace Business Education

Why African Entrepreneurs Embrace Business Education

Why do African entrepreneurs embrace business education? Entrepreneurs are the lifeblood of economic progress, with small and medium-sized enterprises (SMEs) making up 90% of all businesses. These SMEs are more than just companies; they are the engines of job creation, contributing “up to 40% of national income (GDP) in emerging

Scroll to Top

Join Entrepreneurs Family!

Get access to FREE business insights and funding opportunities daily.

Entrepreneurs Sign Up