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World Bank President resigns to join investment firm

Early departure could reignite battle over who gets to pick leader of institution

World Bank President Jim Yong Kim plans to resign on February 1 to join a firm focused on infrastructure investments, leaving the bank nearly three years before his term was set to expire.

Kim’s unexpected resignation, announced Monday, will potentially set off a fight between the Trump administration and critics of US control at the World Bank, which is the world’s largest development-finance institution.

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