US Treasury official Malpass selected president of World Bank Group

US Treasury official Malpass selected president of World Bank Group
  • Clock-gray 20:55
  • calendar-gray 05 April 2019

The executive board of the World Bank has unanimously chosen former US Treasury official, David Malpass to be the next President of the World Bank Group on a vote that took place on 5 April, ONAreports citing Sputnik.

He was appointed for a standard five-year term that will begin on 9 April 2019, replacing Interim President Kristalina Georgieva, who has been running the WBG since February 2019.

Malpass has become the 13th president of the World Bank Group, all of whom have been US citizens. The statement by the WBG says that he was nominated through "an open, transparent nomination where any national of the Bank's membership could be proposed".

Faiq Mahmudov

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