David Malpass

WASHINGTON: The World Bank's 25-member executive board on Wednesday elected former Mastercard CEO Ajay Banga to a five-year term as president, effective June 2, the bank said, ushering in an Indian-born finance and development expert…

WASHINGTON: Indian-American business leader Ajay Bangais poised to become the next President of the World Bank after the nomination period closed and no country proposed an alternate candidate for the prestigious post.In February,…

World Bank President David Malpass on Wednesday said he would leave his post well before his term ends, months after running afoul of the White House for failing to say whether he accepts the scientific consensus on global warming.Malpass,…

David Malpass, who was appointed by former US President Donald Trump as World Bank President, said Wednesday that he would leave his post by the end of June. Malpass's tenure as the World Bank President has less than a year remaining. The…

World Bank chief David Malpass announced Wednesday he would step down nearly a year early, ending a tenure at the head of the development lender that was clouded by questions over his climate stance.The veteran of Republican administrations…

WASHINGTON: World Bank chief David Malpass announced Wednesday he would step down nearly a year early from his position heading the development lender, amid questions over his climate stance.The veteran of Republican administrations in the…

The Finance Minister said India looks forward to close collaboration with the World Bank during the upcoming G20 Presidency The Finance Minister said India looks forward to close collaboration with the World Bank during the upcoming G20…

World Bank President David Malpass on Thursday warned that the global economy is “dangerously close” to a recession and called for targeted support for the poor. “The growth rate, we’ve lowered our 2023 growth forecast from 3 per cent to…

World Bank President David Malpass has said the world is facing a “fifth wave of debt crisis” and called for more support for the countries that are in distress. He said about $44 billion in debt service payments from bilateral and private…

WASHINGTON: The world is facing a "fifth wave of debt crisis," World Bank President David Malpass warned Friday, calling for more support for countries in distress. The pandemic forced many countries to take on more borrowing, and the World…