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The Boston Globe

Business

Kim trying to overhaul the World Bank

Income inequality is threatening the stability of countries from Egypt to Brazil and should be a growing concern to global leaders, World Bank president Jim Yong Kim said in a recent interview.

Kim, a former Dartmouth College president, became World Bank president last year, and has made tackling economic inequality one of the international development organization’s primary goals. The World Bank has promoted economic growth in developing countries throughout its nearly 70-year history, Kim said, but it also needs to ensure that prosperity is shared among the people of these nations.

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