World Bank’s Kim Outlines Plan to Focus on Ending Poverty

World Bank President Jim Yong Kim, less than 13 months after taking office, outlined steps to change the culture of the Washington-based bank, make staff less risk averse and improve the delivery of aid to achieve its goal of ending extreme poverty.

In an e-mail to staff obtained by Bloomberg News, Kim said the lender will undergo a series of organization changes including instituting a set of “global practices,” installing a new framework for country partnerships that shifts the focus “from instruments of our engagements to the impacts,” and making a “series of improvements in areas of leadership, people and talent.”