World Bank President David Malpass told Reuters exclusively that he decided to leave before his five-year contract ended because he felt work was well underway on reforms aimed at expanding the bank’s lending. The former Bear Stearns chief economist told Reuters he would support a “smooth transition” to a successor, declined comment on possible replacements, and dismissed suggestions he was pushed out.
Business & Finance
World Bank’s Malpass on surprise exit: Four years is a long time
16 February 2023, 6:56 pm. 1 minute
Market Impact
The World Bank Group, which includes the International Bank for Reconstruction and Development and the International Finance Corp, committed $440 billion in loans and grants over the past four years in response to the COVID-19 pandemic, the war in Ukraine, global economic recession and slowdown, unsustainable debt burdens, climate change, and food, fertilizer, and energy shortages.
Article Tags
Topics of Interest: Business & Finance
Type: Reuters Best
Sectors: Business & Finance
Regions: Americas
Countries: US
Win Types: Exclusivity
Story Types: Exclusive / Scoop
Media Types: Text
Customer Impact: Significant National Story
