Jim Yong Kim has initiated the World Bank's first massive reorganization in nearly two decades, and one that's been met with internal resistance from some of its economists. In addition to announcing the World Bank's new core mission — to end extreme poverty by 2030 — Kim has committed to cutting $400 million in administrative costs over the next […]
As economies and populations grow, standards of living improve for billions of people, and with it the need for energy continues to rise. Or as World Bank Group President Dr. Jim Yong Kim put it “energy is a critical part of boosting prosperity and eradicating poverty.” read more
(By Jon Queally) President of the World Bank, Jim Yong Kim, is warning that the combined crises of planetary climate change and rising global inequality in a highly interconnected world will lead…
World Bank President Jim Yong Kim is more than a year into a major restructuring effort to turn the lumbering global development institution into a leaner, more agile, poverty-fighting machine.
Paul Farmer, Jim Yong Kim, and Arthur Kleinman take an interdisciplinary approach to global health, considering history, geography, ethnography, and more. Based on a Harvard course, it's a great resource for anyone studying public health.
The head of the World Bank has called on global leaders to throw down the gauntlet to climate change: "This is the year to take action. There are no excuses," said Jim Yong Kim from the sidelines of the World Economic Forum on Thursday. His...Show More Summary
WASHINGTON (Reuters) - Emerging markets could adjust to the withdrawal of the Federal Reserve's massive monetary stimulus as long as it happens gradually, World Bank President Jim Yong Kim said on Tuesday.
So says World Bank President Jim Yong Kim: “We don’t do nuclear energy.” Okay. “The World Bank Group does not engage in providing support for nuclear power. We think that this is an extremely difficult conversation that every country is continuing to have. Show More Summary
WASHINGTON (Reuters) - Emerging markets are likely to see considerably more impact from higher U.S. interest rates when the Federal Reserve pulls back from its massive monetary stimulus, World Bank President Jim Yong Kim said on Tuesday.
Predictions about the potential effects on the global economy of a U.S. default have verged on the apocalyptic. This weekend, World Bank President Jim Yong Kim characterized the possibility as "disastrous" for both the developing world...Show More Summary
After International Monetary Fund managing director Christine Lagarde warned of a recession risk at the weekend and World Bank head Jim Yong Kim spoke of a “dangerous moment”, stock markets in the east slid yesterday – but by less than 0.5 percent. Show More Summary
US headed toward ‘very dangerous moment’: World Bank (via AFP) World Bank chief Jim Yong Kim warned Saturday that the United States was headed toward peril as politicians failed again to resolve a standoff over the budget and debt ceiling. “We are now five days away from a very dangerous moment,” Kim said at the… [...]
WASHINGTON (Reuters) - Emerging market economies have a window of two or three months to make reforms now that the Federal Reserve has refrained from scaling back its bond-buying program, World Bank President Jim Yong Kim said on Thursday.
WASHINGTON (Reuters) - World Bank President Jim Yong Kim on Wednesday said even the threat of a U.S. default could hurt emerging markets and the world's most vulnerable people.
In his effort to eradicate poverty around the globe, World Bank President Jim Yong Kim is trying to fundamentally reshape how the 69-year-old development institution works.
At the NYC Climate Week Opening Ceremony, World Bank President Jim Yong Kim emphasized that action has been too small in responding to climate change and “what the world is looking for is a plan equal to the size of the challenge.” The...Show More Summary
China must plan its massive urbanisation better to limit environmental damage and to ensure that millions of migrants benefit more from the process, World Bank Group President Jim Yong Kim said. ||| Beijing - China must plan its massive...Show More Summary
SHANGHAI (Reuters) - China should hit its GDP growth target of 7.5 percent this year, World Bank Group President Jim Yong Kim said on Sunday.
World Bank President Jim Yong Kim says the volatility in emerging markets is a sign of a strengthening U.S. economy.
Emerging economies may be suffering from the market volatility, said World Bank President Jim Yong Kim, but it’s important to remember what the trigger is.