<span style="font-size: 13.3333px;">In a surprise move, World Bank President Jim Yong Kim announced that he will step down from his position on February 1 – much before the end of his term in 2022.</span> Kim, 58, has been in this position for over six years now.<br />''<br />''In a statement, the World Bank said he will join a firm and focus on increasing infrastructure investments in developing countries.<br />''Kristalina Georgieva, World Bank CEO, will assume the role of interim President effective 1st of next month.<br />''<br />''<span style="color: #222222;">The president of the Washington-based World Bank has always been an American citizen nominated by the United States, which is the largest shareholder of this multilateral financial institution.</span><br />