World Bank President Jim Yong Kim plans to resign from the World Bank on Feb. 1 to join a firm focused on infrastructure investments, leaving the bank nearly three years before his term was set to expire. Mr. Kim’s unexpected resignation, announced Monday, will potentially set off a fight between the Trump administration and critics of U.S. control at the World Bank, which is the world’s largest development-finance institution.

Source: Wall Street Journal January 07, 2019 16:38 UTC