World Bank President Jim Young Kim resigns. World Bank President Jim Young Kim will resign effective February 1, the development bank said on Monday, more than three years before his term ends in 2022 The 59-year-old will be leaving to join an unnamed company. Kim’s second term at the head of the development bank was scheduled to end in three years. “It has been a great honor to serve as President of this remarkable institution,” said Kim. The bank’s chief executive officer, Kristalina Georgieva, will become interim president after Kim’s departure. Kim began his second term as president in July 2017. He succeeded Robert Zoellick in 2012. The World Bank is responsible for funding projects in developing countries and has traditionally been led by a US citizen. It and the International Monetary Fund (IMF), which is traditionally led by a European, were set up at the end of World War II.