WASHINGTON — World Bank President David Malpass on Wednesday (Feb 15) said he would leave his post well before his term ends, months after running afoul of the White House for failing to say whether he accepts the scientific consensus on global warming. Malpass, appointed by former President Donald Trump, will depart the multilateral development bank, which provides billions of...
World Bank President David Malpass attends the Reuters Next Newsmaker event in New York City, New York, US on Dec 1, 2022.WASHINGTON — World Bank President David Malpass on Wednesday said he would leave his post well before his term ends, months after running afoul of the White House for failing to say whether he accepts the scientific consensus on global warming.
Malpass has been under pressure from Yellen in recent months to accelerate reforms aimed at changing the way the World Bank operates to ensure broader lending to combat climate change and other global challenges. Nadia Daar, who heads the Washington office of Oxfam International, said the process should be opened to more candidates to improve the credibility of the institution.
In fiscal 2022, the World Bank committed more than US$104 billion to projects around the globe, according to the bank's annual report. Two of the top contenders for the post are Samantha Power, who currently leads the US Agency for International Development and served as US ambassador to the United Nations under President Barack Obama, and Rajiv Shah, former USAID administrator under Obama and currently president of the Rockefeller Foundation, a philanthropic group.
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