World Bank chief Jim Yong Kim resigns

World Bank chief Jim Yong Kim on Monday announced that he is resigning from his post three years before his term was set to expire. 

Kim said in an unexpected announcement that he will leave his post on Feb. 1, The Financial Times reported. 

“It has been a great honor to serve as President of this remarkable institution, full of passionate individuals dedicated to the mission of ending extreme poverty in our lifetime,” Kim said in a statement, according to the Times.{mosads}

“The work of the World Bank Group is more important now than ever as the aspirations of the poor rise all over the world, and problems like climate change, pandemics, famine and refugees continue to grow in both their scale and complexity.”