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Economic news

World Bank says President Malpass to step down on June 30

02/15/2023

Less than a minute

2023.02.15 14:59

World Bank says President Malpass to step down on June 30
© Reuters. FILE PHOTO: World Bank President David Malpass attends the Reuters NEXT Newsmaker event in New York City, New York, U.S., December 1, 2022. REUTERS/Andrew Kelly

WASHINGTON (Reuters) – World Bank President David Malpass will step down on June 1 after more than four years at the helm of the multilateral development bank, the bank said on Wednesday.

It was not immediately clear why Malpass, who was appointed by then-President Donald Trump, was departing before the end of his five-year term.

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02/15/2023

Less than a minute