David malpass is the new president of world bank
That's correct! David Malpass was appointed as the 13th President of the World Bank Group on April 9, 2019, succeeding Jim Yong Kim. Malpass is an American economist and former Under Secretary of the Treasury for International Affairs. He has been a strong advocate for free trade, economic growth, and poverty reduction, and has worked closely with governments, international organizations, and the private sector to promote economic development and stability.
As President of the World Bank Group, Malpass has focused on several key areas, including:
- Promoting private sector-led growth and development: Malpass has emphasized the importance of the private sector in driving economic growth and development, and has worked to create an enabling environment for businesses to thrive.
- Addressing climate change: Malpass has recognized the urgent need to address climate change and has worked to increase the World Bank's focus on climate resilience and adaptation, as well as reducing greenhouse gas emissions.
- Improving access to finance for the poorest countries: Malpass has prioritized increasing access to finance for the poorest and most vulnerable countries, and has worked to improve the World Bank's lending and financing instruments.
- Strengthening the World Bank's governance and accountability: Malpass has emphasized the importance of good governance and accountability, and has worked to strengthen the World Bank's internal governance and oversight mechanisms.
Overall, Malpass has been a strong advocate for the World Bank's mission to reduce poverty and promote economic development, and has worked to position the institution as a key player in the global effort to address the world's most pressing development challenges.