After World Bank President Jim Yong Kim took the reins at the world’s largest multilateral donor in 2012, he didn’t wait long to begin changing the institution’s approach to development through an intensive and controversial reform process.
“I’ve done this before in other organizations, and what I’ve found is that If you know a change has to be made, just do it as quickly as you can, and get it done,” Kim told Devex Editor-in-Chief Raj Kumar in an exclusive interview on the sidelines of the World Bank and International Monetary Fund’s spring meetings in Washington, D.C.
Kim’s reforms, which began in 2013 and are still ongoing, include a dramatic shift in bank structure and a $400 million cut in operational expenses that necessitated staffing cuts.
About the author
Jeff Tyson@jtyson21
Jeff is a former global development reporter for Devex. Based in Washington, D.C., he covers multilateral affairs, U.S. aid, and international development trends. He has worked with human rights organizations in both Senegal and the U.S., and prior to joining Devex worked as a production assistant at National Public Radio. He holds a master's degree in journalism from Columbia University and a bachelor’s degree in international relations and French from the University of Rochester.
