Jim Yong Kim, the American physician who took over as president of the World Bank last year, recently surveyed its 10,000 employees. The survey revealed a “culture of fear,” pervasive “fear of risk,” and a “terrible” environment for collaboration at the institution, which lends more than $30 billion a year and works in more than 100 countries.
The bank was in danger of becoming a series of regional banks rather than a world bank, Kim said. Worse, he feared its internal culture and structural organization might hamper its progress toward its newly made goals of eradicating extreme poverty by 2030 and ensuring inclusive growth.
Kim has planned a sweeping reorganization. He intends to present his plan at the bank’s annual meetings this week. Full story for BostonGlobe.com subscribers.