Jim Yong Kim News
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Kim, who had served in the role since 2012, announced on Monday that he would leave his post well ahead of his term`s expiration at the end of 2021.
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In its annual ‘Global Financial Development Report 2017/2018: Bankers without Borders”, the World Bank said that international banking can have important benefits for developmen,but is no panacea and carries risks.
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World Bank Group President Jim Yong Kim has called Pakistan Finance Minster Ishaq Dar to discuss the latter`s request to help settle the Indus water dispute, sources said.
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International Monetary Fund (IMF) and World Bank leaders have called for measures to promote inclusive growth and resist anti-trade sentiments.
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India strongly supports the capital increase in the World Bank, Finance Minister Arun Jaitley has said and expressed the country's readiness to take a larger share in the global lender than the dynamic formula.
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The board of the World Bank has unanimously agreed to name Jim Yong Kim to a second term as president, the global lender announced Tuesday.
Junaid Ahmad has become the World Bank's Country Director for India, replacing Onno Ruhl who served a four-year term based out of the national capital.
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World Bank President Jim Yong Kim effectively won a second five-year term after nominations to lead the global development bank closed Wednesday with no other candidates proposed.
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The World Bank Thursday appreciated developmental efforts under Prime Minister Narendra Modi, saying the country has emerged as a "bright spot", as it has pitched for bettering its ranking in the ease of doing business index.
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Describing Raghuram Rajan as a "great" central bank governor, World Bank President Jim Yong Kim Thursday said he has been told by the Indian leadership that Reserve Bank will continue to have an independent head.
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World Bank President Jim Yong Kim on Thursday promised "proactive" and "full support" to India's efforts for environmentally sustainable development as Prime Minister Narendra Modi pitched for adequate climate change financing.
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Hailing India's Aadhaar digital ID, the World Bank has said the initiative is estimated to be saving the government about USD 1 billion annually by curbing corruption as it underlined that digital technologies can promote inclusion, efficiency and innovation.
India is on track to register its entire 1.25 billion population using its Aadhaar digital ID, the World Bank said today, which it said would help the government to promote the inclusion of disadvantaged groups in its welfare schemes.
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India immediately welcomed the pact, saying it was balanced and addressed most of its concerns.
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World Bank President Jim Yong Kim on Saturday welcomed the historic global climate agreement reached in Paris, saying the World Bank was ready to help countries deal with climate change.
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The plan will be presented at COP21, the 12-day UN climate summit that opens Monday in Paris.
Development banks including the World Bank have pledged an additional USD 15 billion a year by 2020 to fight climate change, taking the world closer to the clutch target of USD 100 billion, officials have said.
In 2012, that number stood at 902 million, or about 13 percent of the world population.
With its huge new infrastructure bank and its ambitions for a globalised renminbi currency, China is leading the upending of a 70-year-old global order built on American economic power.
The World Bank chief Jim Yong Kim on Friday said that the "strong visionary leadership" of Prime Minister Narendra Modi has resulted in "extraordinary effort" by India on financial inclusion of its people.
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