Photo: LEV RADIN/ZUMA PRESS
World Bank President David Malpass plans to step down early in the coming months
Donald Trump nominated Malpass to head the World Bank. He was the Republican’s economic adviser during his presidential campaign.
The head of the World Bank, David Malpass, announced his intention to leave his post ahead of schedule in the coming months. On Wednesday, February 15, writes Bloomberg, citing a statement from the organization.
“WB President David Malpas informed the Board of Directors of his intention to leave his post by the end of the WB fiscal year, which will end on June 30, after more than four years of work,” the statement said.
He took up this position in April 2019, his term was supposed to end in 2024. Prior to that, Malpass served as deputy secretary of the US Treasury.
His candidacy was proposed by former US President Donald Trump, the choice was unanimously approved by the organization’s executive board.
Recall that President of Ukraine Volodymyr Zelensky asked Defense Minister Oleksiy Reznikov to remain in office. In this regard, there was no previously announced resignation.
It was also reported that NATO plans to extend the term of Secretary General Jens Stoltenberg until April 2024.
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