The World Bank's executive board on Friday April 05,2019 unanimously approved David Malpass as the development bank's 13th president
The 63-year-old senior US Treasury official begins his 5-year term as head of the World Bank on Tuesday April 02,2019 replacing former President Jim Yong Kim following his unexpected departure three years before the end of his term.
Malpass, who had joined Donald Trump's presidential campaign as an economic adviser, was serving as the Treasury's under-secretary of international affairs
Malpass has been a critic of the World Bank and its sister organization, the International Monetary Fund. He has deemed the global lending institutions' lending practices "corrupt” and complained that
China received too many loans at the expense of poorer countries with limited access to credit markets.
The 63-year-old senior US Treasury official begins his 5-year term as head of the World Bank on Tuesday April 02,2019 replacing former President Jim Yong Kim following his unexpected departure three years before the end of his term.
Malpass, who had joined Donald Trump's presidential campaign as an economic adviser, was serving as the Treasury's under-secretary of international affairs
Malpass has been a critic of the World Bank and its sister organization, the International Monetary Fund. He has deemed the global lending institutions' lending practices "corrupt” and complained that
China received too many loans at the expense of poorer countries with limited access to credit markets.
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