WASHINGTON: World Bank President David Malpass on Wednesday (Feb 15) said he would leave his post by the end of June, 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 vac
WASHINGTON: World Bank President David Malpass on Wednesday said he would leave his post by the end of June, months after running afoul of the White House for failing to say whether he accepts the scientific consensus on global warming.
Treasury Secretary Janet Yellen thanked Malpass for his service in a statement, saying:"The world has benefitted from his strong support for Ukraine in the face of Russia's illegal and unprovoked invasion, his vital work to assist the Afghan people, and his commitment to helping low-income countries achieve debt sustainability through debt reduction."
By long-standing tradition, the US government selects the head of the World Bank, while European leaders choose the leader of its larger partner, the International Monetary Fund.
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