The World Bank's finance chief said he would decline the remainder of his bonus in a move that appeared aimed at quelling discontent among staff who thought it out of line given planned layoffs and budget cuts.
Bertrand Badre, the chief financial officer who has pushed much of the cost-cutting at the bank, plans to turn down a bonus that would have added up to $94,000 by the end of the year, World Bank President Jim Yong Kim announced to applause during a packed "town hall" forum for bank employees on Tuesday, two sources told Reuters.
A World Bank spokesman confirmed the information.
The poverty-fighting institution has been cutting costs as part of a massive reorganization that Kim hopes will make it more efficient and effective.
But the changes in the bank's structure, its internal funding measures and its focus have demoralized employees, who fret about budget and job cuts, unclear lines of command and a general lack of information.
In the meeting with staff on Tuesday, Kim emphasized the progress the bank has made in recent months, including committing $400 million to fight the Ebola outbreak.