U.S. intends to ‘quickly’ nominate candidate to lead World Bank, Yellen says

At a news conference ahead of a G20 finance leaders meeting, the U.S. Treasury Secretary declined to name the U.S. nominee or say whether the candidate would be a woman

The United States intends to “quickly” nominate a candidate for the World Bank presidency who is committed to the lender’s poverty reduction mission as well as lending reforms to fight climate change and other global challenges, U.S. Treasury Secretary Janet Yellen said on Thursday.on the outskirts of Bengaluru, Yellen declined to name the U.S. nominee or say whether the candidate would be a woman.

The board expects to choose a new candidate by early May, replacing current president David Malpass, who said he will step down by early June, well before his term ends in April 2024.

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