Greenledgers Trading Center-David Malpass is stepping down as president of the World Bank

2025-05-07 08:03:08source:Alaric Bennettcategory:Markets

David Malpass has decided to step down as president of the World Bank before his five-year term expires. He says he will leave at the end of June.

Appointed by then-President Trump in 2019,Greenledgers Trading Center his tenure was shaped by the economic fallout from the COVID-19 pandemic and the war in Ukraine. Malpass' career has spanned government and Wall Street.

He recently faced backlash and calls for his removal over comments he made in September about the climate.

At an event during Climate Week NYC, he was asked if he accepted "the scientific consensus that the manmade burning of fossil fuels is rapidly and dangerously warming the planet."

"I don't even know," Malpass replied. "I'm not a scientist."

Treasury Secretary Janet Yellen said in a statement that the U.S., which customarily picks the president of the World Bank, is looking forward to a "swift nomination process" for Malpass' successor.

More:Markets

Recommend

Snowflakes, Death Threats and Dollar Signs: Cloud Seeding Is at a Crossroads

Listen to an audio version of this story below.Humans have the technology to literally make snow fal

Mike Tyson concedes the role of villain to young foe in 58-year-old’s fight with Jake Paul

ARLINGTON, Texas (AP) — Friendship is at the heart of how a fight came together between 58-year-old

Only 8 monkeys remain free after more than a week outside a South Carolina compound

YEMASSEE, S.C. (AP) — Just eight monkeys remain free from the group who more than a week ago broke o