Executive Directors of the World Bank on Tuesday agreed unanimously to reappoint Jim Yong Kim to a second five-year term as President of the multilateral development bank and his second term will begin on July 1, 2017.
Kim became the 12th President of the World Bank on July 1, 2012. Before this post, he served as President of the famous US academic institution Dartmouth College.
Kim said on tuesday that he was “humbled” to have the honor of serving a second term as World Bank chief, and that he was committed to working closely with bank staff, partners, and member countries to address global challenges.
He also added that “The challenges going forward remain large, with climate change, forced displacement, and pandemics threatening the gains we have made to improve the lives of billions.”
We will need to work even more closely with partners, and continue to find new and innovative ways to leverage scarce development resources effectively.