World Bank Group President Jim Yong Kim unexpectedly resigned on Monday, more than three years before his term ends in 2022, amid differences with the Trump administration over climate change and the need for more development resources.

World Bank President Jim Yong Kim pledges USD $2 billion over the next three years in new funding to help the country become less vulnerable to climate change.

World Bank chief hails empowerment of women in Bangladesh, recognising the country as a model in women’s progress in the world. Women participation in the country's workforce has the potential of adding 1.8% to GDP over the next decade, he says.

For the first time less than 10% of the world's population will be living in extreme poverty by the end of 2015, says World Bank.