World Bank Group President, Jim Yong Kim, has resigned from his position after more than six years at the institute.
“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 in a statement on Monday.
“The work of 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.
“Serving as President and helping position the institution squarely in the middle of all these challenges has been a great privilege.”