Mr Kim Leaves Washington

In January, World Bank Group President Jim Yong Kim announced his plans to resign after six years in the role, and begin work at Global Infrastructure Partners, an independent infrastructure fund manager. This decision surprised many, since he was only recently re-elected for a second five year term in 2017. Dr Kim cited an opportunity … Continue reading Mr Kim Leaves Washington

Closing the Infrastructure Gap

In 2017 the McKinsey Global Institute estimated that the world would need to spend $67tn by 2035, or $3.7tn annually — roughly $1.3tn more than was spent in 2013 — on infrastructure in order to merely keep up with projected economic growth. This difference between current spending on infrastructure and the need for additional funding … Continue reading Closing the Infrastructure Gap