David Malpass is stepping down as president of the World Bank, nearly four years after former President Donald Trump nominated him to run the 189-nation agency.
The anti-poverty lender said Wednesday that Malpass would be leaving by June 30. His five-year term was due to expire in April 2024.
“With developing countries facing unprecedented crises, I'm proud that the Bank Group has responded with speed, scale, innovation, and impact,” he said. “The last four years have been some of the most meaningful of my career.” Clemence Landers, a policy fellow at the Center for Global Development in Washington, said Malpass focused considerable energy on helping developing countries' deal with debts.
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