World Bank Group President Jim Yong Kim announces to step down on February 1

World Bank Group President Jim Yong Kim announces to step down from his position on February 1.

Jim Yong Kim, 59, announced that he will immediately join a firm and focus on increasing infrastructure in developing countries, but the bank did not provide further details. Kristalina Georgieva, the World Bank's chief executive officer, will assume the role of interim president when Kim departs