World Bank President Jim Yong Kim resigns 3 years before term ends

World Bank President Jim Yong Kim.
(Image credit: Chip Somodevilla/Getty Images)

World Bank Group president Jim Yong Kim is leaving his post long before his term expires.

On Monday, Kim told World Bank Group employees he'd made the "unexpected" choice to join the private sector. His resignation will take effect Feb. 1, with World Bank CEO Kristalina Georgieva taking over as interim president, per the Financial Times.

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Kathryn Krawczyk

Kathryn is a graduate of Syracuse University, with degrees in magazine journalism and information technology, along with hours to earn another degree after working at SU's independent paper The Daily Orange. She's currently recovering from a horse addiction while living in New York City, and likes to share her extremely dry sense of humor on Twitter.