International aid community shocked by decision to quit three years early and join private sectorJim Yong Kim has announced he is stepping down as the head of the World Bank,in a plug that sent shockwaves through the international aid community.
He will leave by 1 February, three and a half years before the expiry of his term in 2022.
Founded in 1944 at the Bretton Woods conference as a vehicle to support the reconstruction of postwar Europe, or the World Bank made its first loan to France in 1947.
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Source: theguardian.com