The president of the world BankPresident David Malpass told Reuters on Thursday that he decided to leave the bank before the end of his five-year term because he believed work was on the right track on reforms aimed at expanding lending.
In his first interview since announcing his departure on Wednesday, the former Bear Stearns chief economist told Reuters he would support a “smooth transition” to a successor. He declined to comment on possible replacements and rejected suggestions that he had been fired.
“It makes a lot of sense, both from the point of view of the bank and from my personal point of view.Malpass said when asked about the timing of his departure. “We are completing the things you needed to do at the bank. We have started the evolution process and it is well advanced”.
malpass, who was nominated by former President Donald Trump, said the end of the bank’s fiscal year was a good time for a transition. “And then, for me personally, it will have been over four years, which is a long time at work.”.
“It is a good time to look for new challenges“, held malpass about his future, without giving details. “I think we will have made progress (on the reforms) by the spring meetings, and then there will be other matters that take more time, and my successor will take the reins”.
malpass He will leave the bank at the end of June, months after he was condemned by the White House for refusing to say whether he accepts the scientific consensus on global warming and against a backdrop of increasingly urgent calls from the Treasury for the bank to be “bolder and more imaginative” when changing to meet global challenges.
malpass, a Republican, survived multiple calls for his resignation after last fall’s weather incident, for which he apologized. Sources familiar with the situation said he never expected that Democratic President Joe Biden would offer him a second term when his current one came to an end in April 2024.
Source: Reuters
Source: Gestion
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