World Bank’s Jim Yong Kim embraces private equity

Jim Yong Kim, president of the World Bank Group, reveals a change of heart about the role of private capital in supporting growth.

Jim Yong Kim has journeyed on the road to Damascus. Just as the early Christian apostle Paul was suddenly converted to a new faith, the recently installed president of the World Bank Group has similarly changed belief – in this case, by realising the need for private capital to drive economic development in emerging markets.

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