World Bank Group President, Jim Yong Kim, will resign effective from February 1, more than three years ahead of the expiration of his term in 2022, the multilateral lender said on Monday.
Browsing: Jim Yong Kim
The World Bank Group President, Jim Yong Kim, said the launch of IDA’s borrowing programme in the global capital markets, would address some of its most pressing development issues.
Fayose said: “The President has never hidden the fact that he is a sectional leader and painfully, because of his nepotism, religious bigotry and favouritism, Nigeria is now more divided than ever before, with the unity of the country being threatened.”
Adesina said this in reaction to a news story credited to Kim that Buhari told the World Bank to focus on the North in its dealings with Nigeria now
Kim and the Managing Director, International Monetary Fund, Christine Lagarde, who spoke at separate press conferences in Washington DC, United States, also advised Buhari to invest in things that would enhance economic growth
In a statement made available to newsmen by the Head of Communications, World Bank Nigeria in Abuja, Olufunke Olufon, Yong-Kim said about 20 million people in Nigeria, South Sudan, Somalia and Yemen were on the “tipping point” of famine
Kim said that the current economic impact assessment report had revealed the potential economic damage from the outbreak of the virus in the affected countries
A World Bank Group analysis of the Ebola epidemic released Wednesday finds that if the virus continues to surge in the three worst affected countries – Guinea, Liberia, and Sierra Leone – its economic impact could grow eight-fold, dealing a potentially catastrophic blow to the already fragile states.
Making the announcement on the second day of the 1st US-Africa Summit, World Bank Group President, Dr. Jim Yong Kim, said the new financial commitment was urgently needed to generate more electricity for the people of Africa, 600 million of whom have no access to electricity, despite the fact that Africa possesses some of the world’s largest hydropower, geothermal, wind and solar potential, as well as significant oil and natural gas reserves