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David Malpasss appointed as World Bank President

David Malpasss appointed as World Bank President

David Malpass is currently the Deputy Minister of International Affairs in the Finance Department. His tenure will be for five years from 09 April 2019.

The US government chose David Wallace of the US Department of Finance as the 13th President of the World Bank on April 05, 2019. The World Bank Executive Board selected David Malpass as the President of the World Bank with a consensus.

David Malpass is currently the Deputy Minister of International Affairs in the Finance Department. His tenure will be for five years from 09 April 2019. Significantly, all 13 are American Americans. The President of World Bank is the President of the International Reconstruction and Development Bank (IBRD) and the Board of Directors of the International Development Association (IDA).

Jim Yong Kim: -

World Bank chairman Jim Yong Kim recently resigned abruptly. He is a South Korean-American doctor and anthropologist. He became the 12th Director of the World Bank on 01 July 2012. Earlier, he was working as director of the World Health and Social Medicine Department at Harvard Medical School. He became the first Asian-American director of the Ivy League Institution. He was ranked 50th in the list of the world's most powerful people by Forbes in 2013.

Strong supporters of accountability in the World Bank:

Malpass has been a strong supporter of accountability in the World Bank. Now Board of the World Bank Executive Directors has approved Malpass as the new President. It is known that the US is the largest shareholder of the World Bank and has 16 per cent voting rights.

About David Malpass

David Malpass worked as Trump's Economic Advisor in the 2016 US Presidential Election. He was born on March 8, 1956. Significantly, the name nominated by Trump was the sole contender for this post. David Malpass is also a strong critic of the World Bank.

Malpass sees the functioning of the International Monetary Fund and the World Bank. Eminent economist David Malpass has 40 years of experience in economics, finance, government and foreign policy. Malpass also worked with former President Ronald Reagan and George HW Bush.

Q.1 Who is appointed as the 13th President of World Bank?
A. Steven Mnuchin
B. Larry Kudlow
C. Robert Lighthizer
D. David Malpass
Answer...
Ans: David Malpass

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