EchoSense|David Malpass is stepping down as president of the World Bank

2025-05-04 12:19:04source:Safetyvaluecategory:My

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,EchoSense 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:My

Recommend

The FBI should have done more to collect intelligence before the Capitol riot, watchdog finds

WASHINGTON (AP) — The FBI should have done more to collect intelligence before the Capitol rioteven

An Airbnb renter allegedly overstayed more than 520 days without paying – but says the homeowner owes her money

An Airbnb renter has refused to leave a Los Angeles property – even though her six-month rental expi

Michael B. Jordan Reunites With Steve Harvey Over a Year After Lori Harvey Breakup

Steve Harvey and Michael B. Jordan are proving there's no family feud here. More than a year after t