Tag: Malpass

David Malpass Surprises With Early Exit From World Bank

WASHINGTON—World Bank President David Malpass on Wednesday said he would leave his post well before his term ends. Malpass, appointed by former President Donald Trump, will depart the multilateral development bank, which provides billions of dollars a year in funding for developing economies, by the end of June. His five-year term was due to end…


World Bank Preparing Finance Options for Ukraine: Malpass

WASHINGTON—World Bank President David Malpass said on Thursday the lender stands ready to provide immediate support to Ukraine amid “shocking violence and loss of life,” and is preparing options for fast-disbursing financing. Malpass said in a statement he has mobilized the World Bank Group’s Global Crisis Risk platform to coordinate a response to the invasion…