February 20, 2019 By John J Stremlau US president Donald Trump’s nomination of his Treasury Undersecretary David Malpass to become president of the World Bank … Following the surprise resignation of World Bank President … Sanjay Pradhan is the past Vice President of the World Bank Institute. Global Development Learning Network Giving the US the right to pick the head of the bank has long been an anachronism. Malpass previously served as Under Secretary of the Treasury for International Affairs under Donald Trump, Deputy Assistant Treasury Secretary under Ronald Reagan, Deputy Assistant Secretary of State under George H. W. Bush. Donald Trump announces David Malpass (left) as his choice for World Bank president on 6 February. The Head of the World Bank Group . The position became vacant earlier this month after current President Jim Yong Kim's abrupt resignation, three years ahead of schedule. LONDON — The legitimacy of the World Bank… The Trump administration has notified World Bank shareholders that President Donald Trump intends to pick senior Treasury Department official David Malpass as the U.S. nominee to … His resignation will take effect from 1 February. WASHINGTON — World Bank President Jim Kim’s surprise announcement that he is stepping down on Feb. 1 — more than three years before the … He served as Chief Economist at Bear Stearns for the six years preceding its collapse. He was undersecretary of the U.S. Treasury Department for international affairs. David Robert Malpass (born March 8, 1956) is an American economic analyst and former government official serving as President of the World Bank Group since 2019. ... David Malpass, now the undersecretary for international affairs at the Treasury Department, for the position of World Bank president. Key Highlights. WASHINGTON — When President Trump selected David Malpass to lead the World Bank last month, he showered his nominee with gratitude for … Her appointment was announced by David Malpass, World Bank’s President. As of 2019, World Bank Institute functions have been mostly encapsulated by a new unit Global Operations Knowledge Management Unit (GOKMU), which is now responsible for knowledge management and learning across the Bank. Jim Yong Kim, M.D., Ph.D. is the Former President of the World Bank Group, leaving office on January 31, 2019. David Malpass speaks at an event with U.S. President Donald Trump at the White House in Washington, D.C. Photo by: REUTERS / Jim Young. The president ended up nominating Treasury Undersecretary for International Affairs David Malpass to head the World Bank instead, and he was unanimously confirmed to the job last week. The new World Bank president should refine and, ideally, expand financing for refugee response.   Malpass had criticized bank lending to China. World Bank President, Jim Yong Kim has made the surprise announcement that he is stepping down after six years in the post. watch now. The uncontested election of President … Jan. 7, 2019 WASHINGTON — The World Bank said on Monday that its president, Jim Yong Kim, would step down from his post in February to join a … Okonjo-Iweala, a … World Bank President Jim Yong Kim abruptly resigned nearly three years ahead of schedule on Monday, setting up an opening for President Donald Trump to fill -- … The World Bank spring meeting earlier this month introduced the new World Bank Group president, David Malpass. She will be the 1st woman CFO of World Bank. Since September 2018 she has been a Managing Director and member of the World Bank Board. President Trump announces his nomination for World Bank President. VIDEO 09:53. Wed, Feb 6 2019 1:31 PM EST. Soon after he became president in July 2012, the organization established two goals: ending extreme poverty by 2030 and boosting shared prosperity for the bottom 40 percent of the population in developing countries. To ensure that its financing improves the lives of refugees and hosts, the bank needs clear goals and benchmarks (think income levels and child literacy rates). Jim Yong Kim resigns as World Bank president ... Mon 7 Jan 2019 11.34 EST Last modified on Thu ... “The World Bank Group is more important now … With 189 member countries, staff from more than 170 countries, and offices in over 130 locations, the World Bank Group is a unique global partnership: five institutions working for sustainable solutions that reduce poverty and build shared prosperity in developing countries. February 7, 2019 at 12:03 PM EST. Published Thu, Jan 10 2019 2:10 AM EST Updated Thu, Jan 10 2019 6:51 PM EST. World Bank Group President Jim Yong Kim will resign effective Feb. 1, more than three years ahead of the expiration of his term in 2022, the multilateral lender said on Monday. Bank nonperforming loans to total gross loans (%) Account ownership at a financial institution or with a mobile-money-service provider, richest 60% (% of population ages 15+) Domestic credit provided by financial sector (% of GDP)