Reporting by David Lawder; Editing by Grant McCool. The United States holds an effective veto on the World Bank board, with about 16 percent of its total voting power, followed by Japan with about 6.9 percent and China with 4.5 percent. From 2003 to 2005, Kim served as Director of the World Health Organization’s HIV/AIDS department.

He received a MacArthur “Genius” Fellowship, was recognized as one of America’s “25 Best Leaders” by U.S. News & World Report, and was named one of TIME magazine’s “100 Most Influential People in the World.”. from Brown University, and an M.D. 02199 | Phone: 1-857-880-5100 | info@pih.org. Kim co-founded PIH, where he developed treatment programs for MDR-TB and AIDS in Haiti, Peru, and several other countries. Kim holds a B.A. © 2020 GlobeNewswire, Inc. All Rights Reserved.

Soon after he assumed that position, the organization established two goals to guide its work: to end extreme poverty by 2030; and to boost shared prosperity, focusing on the bottom 40 percent of the population in developing countries. Discussions between Kim and GIP about the new job came together about six weeks ago at the G20 summit in Buenos Aires, the person said.
The World Bank’s board is expected to meet later this week to discuss the search for a successor to Kim.

GIP targets investments in OECD and select emerging market countries in single assets and portfolios of assets and companies in power and utilities, natural resources infrastructure, air transport infrastructure, seaports, freight railroad, water distribution and treatment and waste management. New York, New YORK, Jan. 08, 2019 (GLOBE NEWSWIRE) -- Global Infrastructure Partners (GIP), a leading independent global infrastructure investor, today announced that Dr. Jim Yong Kim…

I truly welcome the opportunity to work with GIP to be a part of furthering this broad and critically important global mission.”. As of January 2019, the Bank Group is working with the United Nations and leading technology companies to implement the Famine Action Mechanism, which uses technology such as artificial intelligence to detect warning signs earlier and prevent famines before they begin. We are indeed pleased to welcome Dr. Kim to GIP. Jim Yong Kim, M.D., PhD, is Vice Chairman and Partner at Global Infrastructure Partners, a fund that invests in infrastructure projects across several sectors around the world. Stay informed about Partners In Health's work to provide high quality health care to those who need it most.

Dr. Jim Yong Kim is Vice Chairman and Partner at Global Infrastructure Partners. The Pandemic Emergency Financing Facility (PEF) made its first cash grant in 2018 to support frontline Ebola response efforts in the Democratic Republic of the Congo. ”, Dr. Kim added, “My previous experiences and recent years working at the World Bank have been rewarding efforts that have demonstrated how vital infrastructure development has become to the world. For more information, visit www.global-infra.com. Dr. Kim’s broad knowledge base along with his first hand, comprehensive experience of working with governments and institutions around the world will provide very valuable insights.

WASHINGTON (Reuters) - World Bank Group President Jim Yong Kim will join Global Infrastructure Partners (GIP), a private equity fund that invests in projects in wealthy and developing countries, the firm said on Tuesday, a day after Kim’s shock resignation from the bank. During Kim’s tenure, the World Bank Group supported the development priorities of countries at levels never seen outside of a financial crisis. In 2018, the World Bank Group’s shareholders approved a historic capital increase for the International Bank for Reconstruction and Development (IBRD), which offers sovereign loans to middle-income countries, and the International Finance Corporation (IFC), the Bank Group’s private sector arm. Kim resigned more than three years before his term ends in 2022 amid differences with the Trump administration over climate change and the need for more development resources. New York, New YORK, Jan. 08, 2019 (GLOBE NEWSWIRE) -- Global Infrastructure Partners (GIP), a leading independent global infrastructure investor, today announced that Dr. Jim Yong Kim, who has been President of the World Bank since 2012, will join GIP as a Partner and Vice Chairman on February 1, 2019. Partners In Health (PIH) is a 501(c)(3) nonprofit corporation, EIN 04-3567502, Partners In Health, 800 Boylston Street, Suite 300, Boston, MA. A physician and anthropologist, Kim’s career has revolved around health, education, and improving the lives of the poorest and most vulnerable. GIP, which focuses on projects in … From July 2012 to February 2019, Kim served as the 12th President of the World Bank Group. Kim was the first leader of the Bank Group who did not come from the financial or political sectors and the first who had personal experience tackling development issues in poor countries. We'll keep you up to date on Partners In Health's work bringing hope and health care to some of the world's poorest, hardest-to-reach communities. From July 2012 to February 2019, Kim served as the 12th President of the World Bank Group.

From 2003 to 2005, Kim served as Director of the World Health Organization’s HIV/AIDS department.

Kim has emphasized that harnessing private sector investment funds was the key to building badly needed infrastructure amid constrained public budgets. Kim graduated from Brown University, then became one of the first students to study jointly for a medical degree from Harvard Medical School and a PhD in anthropology at Harvard University. This site uses cookies for analytics. About Global Infrastructure PartnersGlobal Infrastructure Partners ("GIP") is an independent infrastructure fund manager that invests in the equity and credit of infrastructure assets and businesses. While at Harvard, Kim co-founded Partners In Health, a non-profit medical organization that provides healthcare to poor communities on four continents.

PIH® is a registered trademark of Partners In Health. Following his service at WHO, Kim was Chair of the Department of Global Health and Social Medicine at Harvard Medical School, Chief of the Division of Global Health Equity at Brigham and Women’s Hospital, and Director of the François-Xavier Bagnoud Center for Health and Human Rights at Harvard School of Public Health. The capital increase will allow the Bank Group to help countries reach their development goals while responding to crises such as climate change, pandemics, fragility, and underinvestment in human capital around the world.

The World Bank Group also launched several innovative financial instruments, including facilities to address infrastructure needs, prevent pandemics, and help the millions of people forcibly displaced from their homes by climate shocks, conflict, and violence.

He was born in South Korea to parents who had fled the violence of the Korean War and grew up in Iowa, where his father was a practicing dentist and his mother was a philosopher and theologian. Interview with Dr. Jim Yong Kim, cofounder of Partners in Health and 12th ... equity firm Global Infrastructure Partners. Sign up today for your free Reader Account. After securing a $13 billion capital increase last year and replenishments of the World Bank’s donor fund for the poorest countries, Kim said on Monday in a note to staff that the opportunity “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.”. and PhD in medical anthropology from Harvard University. All quotes delayed a minimum of 15 minutes. With Partners In Health, Kim developed treatment programs for complex, deadly diseases such as multi-drug-resistant tuberculosis and AIDS in the poorest areas of Haiti, Peru, and several other countries. Kim, who joins New York-based GIP on Feb. 1 as a partner and vice chairman, has accepted a one-year ban from dealings with any World Bank units, including its private sector lending arm, the International Finance Corp, a person familiar with his departure arrangements said. He led WHO’s “3 by 5” initiative, the first-ever global goal for AIDS treatment, which greatly expanded access to antiretroviral medication in developing countries. Jim Yong Kim, M.D., PhD, is Vice Chairman and Partner at Global Infrastructure Partners, a fund that invests in infrastructure projects across several sectors around the world.

By continuing to browse this site, you agree to this use. Edward Steinfeld, director of the Watson Institute, will lead a conversation with Jim Yong Kim '82, M.D., Ph.D. Jim Yong Kim is Vice Chairman and Partner at Global Infrastructure Partners, a fund that invests in infrastructure projects across several sectors around the world.
From July 2012 to February 2019, Kim served as the 12th President of the World Bank Group.

Along with partners, the World Bank achieved two successive, record replenishments of the International Development Association (IDA), the institution’s fund for the poorest countries, which has enabled the Bank to greatly increase its work in areas suffering from fragility, conflict, and violence. A major part of the lender’s work is lending to build infrastructure such as power, water and transportation projects in developing countries. In 2009, he was named the 17th President of Dartmouth College, where he served until he was nominated by President Barack Obama to lead the World Bank Group. While the United States has traditionally nominated the World Bank’s leader, the tradition could be challenged, as it was when Kim’s nomination by former president Barack Obama in 2012 was contested by candidates from Colombia and Nigeria, under an open nomination process that is still in place. | © 2009-2020 Partners In Health.

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Jim Yong Kim, who abruptly resigned as president of the World Bank on Monday, is joining investment firm Global Infrastructure Partners next month. In addition, his previous involvement with infrastructure and the emerging markets and his expertise in environmental, social and corporate governance issues will further expand the capabilities of the broad and diverse GIP leadership team. WASHINGTON (Reuters) - World Bank Group President Jim Yong Kim will join Global Infrastructure Partners (GIP), a private equity fund that invests in projects in … Our Standards: The Thomson Reuters Trust Principles. All Rights Reserved. GIP has offices in New York, London and Mumbai, with an affiliate in Sydney and portfolio company operations headquarters in Stamford, Connecticut. Discourse & tools for global health professionals. Adebayo Ogunlesi, Chairman and Managing Partner of GIP commented, “The leadership and vision that Dr. Kim brought to the World Bank as well as his prior roles as President of Dartmouth College and Director of the World Health Organization’s HIV/AIDS Department speak for themselves.


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