World Bank Chief Malpass to Leave, Creating Biden Opening
- Trump had nominated ex-Treasury official for post in 2019
- Malpass ran into controversy last year with climate comments
This article is for subscribers only.
World Bank President David Malpass said he plans to step down by the middle of this year, giving the Biden administration an opening to pick someone to carry out its goal of overhauling the global development lender to focus more on fighting climate change.
Malpass, 66, whose five-year term was set to run through April 2024, informed the institution’s board of his intentions to depart by the end of the fiscal year on June 30, the Washington-based lender said in a statement Wednesday.