World Bank President Jim Yong Kim has come under intense internal and external criticism for his controversial efforts to restructure the 70-year-old development institution. As the overhaul officially kicks in Tuesday, Mr. Kim answered his critics in a roundtable discussion with reporters.
“Climate change poses a severe risk to global economic stability, but it doesn’t have to be like this,” said World Bank Group President Jim Yong Kim. “We believe it’s possible to reduce emissions and deliver jobs and economic opportunity, while also cutting health care and energy costs. Show More Summary
More than 1,000 people may be trimmed from the World Bank in the coming years as President Jim Yong Kim moves ahead with a restructuring of the development institution, according to several people familiar with the matter.
President of the World Bank Group Jim Yong Kim said Sunday evening the Group is helping Jordan and Lebanon cope with the impact of influxes of refugees escaping ongoing conflict in neighboring Syria. Addressing a joint press conference with Saudi Minister of Finance Dr. Show More Summary
The World Bank President Dr. Jim Yong Kim and the bank's International Finance Corporation (IFC) are at a crossroads -- they can either choose to to be on the right side of human rights and the environment, or they can continue ignoring the facts. read more
This post was co-authored by Nicole Ghio, Sierra Club International Climate Program Photo courtesy of Joe Athialy. The World Bank President Dr. Jim Yong Kim and the bank's International Finance Corporation (IFC) are at a crossroads --...Show More Summary
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.