The World Bank’s executive board expects to select a new president by early May after last week’s news that David Malpass will leave the top job well before his contract ends in April 2024, the bank said in a statement. Reuters
The World Bank board gave a list of criteria and relevant experience for would-be applicants and also said it “would strongly encourage women candidates to be nominated.”
It remains unclear if other countries will nominate their own candidates to lead the bank, which provides billions of dollars a year in funding for developing economies. Oxfam International and other civil society groups insist the process should be opened to more candidates to improve the credibility of the institution, while others say a woman should lead the bank for the first time in its 77-year-history.
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