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After Jim Yong Kim's exit, is it time to give up on the World Bank?

Its outgoing president thinks he can do more to build infrastructure in the developing world by working in the private sector

World Bank

For the head of the World Bank Group to quit unexpectedly would have been big news under any circumstances. But, the reason outgoing president Jim Yong Kim gave for his resignation on Monday is even more revealing. Kim said he was leaving the world’s most influential development and infrastructure-building agency to join a private-sector infrastructure investment fund because he believed “this is the path through which I will be able to make the largest impact on major global issues like climate change and the infrastructure deficit in emerging markets.” One can hardly ...