Daily Management Review

World Bank president David Malpass to step down


David Malpass, the president of the World Bank Group, told the board of executive directors that he plans to retire before the end of the fiscal year.

Simone D. McCourtie
Simone D. McCourtie
"I've opted to take on new tasks after carefully considering my options and making substantial progress. I would like to thank our personnel and board who were helping improve our performance in the most trying of circumstances," In the statement, Mr. Malpass is cited as adding.

David Malpass became the new leader of the World Bank in 2019.

From 2017 to 2019, Mr. Malpass held the position of US Under-Secretary of the Treasury for International Affairs. During the 2016 US presidential election, Mr. Malpass was chief economic adviser to former US President Donald Trump.

source: worldbank.org