World Bank board elects US Treasury's Malpass as next president
The World Bank`s executive board unanimously approved David Malpass, the U.S. Treasury Department`s top diplomat, as the bank`s next president, continuing the 73-year tradition of an American leading the development lender.
The bank said that Malpass, the Treasury`s undersecretary for international affairs, will start his new role on Tuesday as the World Bank and International Monetary Fund Spring Meetings get underway. Image source: Reuters