World Bank president announces intention to retire

World Bank President Jim Wolfensohn sent a message to Yahya Alyahya, Dean of the Board of Executive Directors, on Monday 3 January. In the message he said he does not wish to be considered for a third term and intends to retire at the end of May 2005 when his current term at the World Bank expires.

On May 31, 2005 my second term as President of the World Bank Group comes to an end. It has been a true privilege to serve the institution. I will be forever grateful for the opportunity and could