Senior management at the World Bank Group is in the midst of significant change.
Jin-Yong Cai, the head of the International Finance Corp. — the arm of the World Bank Group focused on private sector growth — is stepping down from his post at the end of this year, prior to the end of his term. And Bertrand Badré, the World Bank Group’s chief financial officer is due to leave the institution in early 2016.
The circumstances around the two departures remain unclear, and the loss of a Chinese and a French national among the World Bank Group’s senior leadership has reshuffled the institution’s international makeup. But as one Frenchman departs, another is stepping in.