Absolutely right.
"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 imagine a more potent indictment of the World Bank’s role in the developing world than having its head vote with his feet."
The World Bank has proved to be at least ineffective concerning their goals (
•ending extreme poverty and
•Promote shared prosperity by fostering the income growth of the bottom 40% for every country
).
There is one "thing" that can help reach these goals: capitalism.
So, Jim Yong Kim is absolutely right. I'll have to study his background...