Latest Jim Yong Kim News

Ivanka Trump to work on World Bank president search

Jan. 15, 2019 5:41 PM EST

WASHINGTON (AP) — The White House says Ivanka Trump will take part in the nomination process for a new head of the World Bank. The senior adviser was asked to participate by Treasury Secretary Steven Mnuchin because she has worked with World Bank leaders on a variety of projects. The White House said she...

World Bank cuts forecast for world economic growth in 2019

Jan. 8, 2019 4:39 PM EST

WASHINGTON (AP) — The World Bank is downgrading its outlook for the global economy this year, citing rising trade tension, weakening manufacturing activity and growing financial stress in emerging-market countries. In a report titled "Darkening Skies," the anti-poverty agency said Tuesday that it expects...

World Bank President Jim Yong Kim announces his departure

Jan. 7, 2019 2:57 PM EST

WASHINGTON (AP) — Jim Yong Kim, the president of the World Bank, announced Monday he is resigning at the end of January. Kim's unexpected departure three years before his term was set to expire is likely to set off a fierce battle between the Trump administration and other countries who have complained...

World Bank President Jim Yong Kim announces he is stepping down at the end of January

Jan. 7, 2019 11:50 AM EST
WASHINGTON (AP) — World Bank President Jim Yong Kim announces he is stepping down at the end of January.