David Malpass is stepping down as president of the World Bank

2024-12-25 00:03:45 source: category:Contact-us

David Malpass has decided to step down as president of the World Bank before his five-year term expires. He says he will leave at the end of June.

Appointed by then-President Trump in 2019, his tenure was shaped by the economic fallout from the COVID-19 pandemic and the war in Ukraine. Malpass' career has spanned government and Wall Street.

He recently faced backlash and calls for his removal over comments he made in September about the climate.

At an event during Climate Week NYC, he was asked if he accepted "the scientific consensus that the manmade burning of fossil fuels is rapidly and dangerously warming the planet."

"I don't even know," Malpass replied. "I'm not a scientist."

Treasury Secretary Janet Yellen said in a statement that the U.S., which customarily picks the president of the World Bank, is looking forward to a "swift nomination process" for Malpass' successor.

More:Contact-us

Recommend

Arkansas governor unveils $102 million plan to update state employee pay plan

LITTLE ROCK, Ark. (AP) — Arkansas Gov. Sarah Huckabee Sanders proposed on Tuesday a $102 million ove

Switzerland was Tina Turner's longtime home. Why did the star leave the U.S.?

Tina Turner died at age 83 at her home in Küsnacht near Zurich, Switzerland, her representative conf

Brother of Scott Johnson, gay American attacked on Sydney cliff in 1988, says killer deserves no leniency

A man who admitted killing American mathematician Scott Johnson by punching him from a cliff top at