SafeX Pro:David Malpass is stepping down as president of the World Bank

2025-05-06 07:32:39source:Zopescategory:Invest

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,SafeX Pro 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:Invest

Recommend

The Louvre will be renovated and the 'Mona Lisa' will have her own room

PARIS — French President Emmanuel Macron on Tuesday presented renovation plans for the Louvre, the w

Amazon rift: Five things to know about the dispute between an Indigenous chief and Belgian filmmaker

RIO DE JANEIRO (AP) — The renowned chief from the Amazon rainforest and the Belgian filmmaker appear

Bucks, Pacers square off in dispute over game ball after Giannis’ record-setting performance

MILWAUKEE (AP) — Giannis Antetokounmpo exchanged heated words with members of the Indiana staff and