He is more amenable to climate financing than his climate change denialist predecessor David Malpass and publicly prioritises reforming the Bank before it receives a capital boost sufficient with other measures to increase its ability to lend an additional US$100 billion or more within 10 years...
Then it became clear that little was going to move on the plan until Ajay Banga the new President of the World Bank and former chief executive of Mastercard took over at the end of May replacing David Malpass...
Officials worry that decisions on debt restructuring at the World Bank and IMF Spring Meetings in April could be held up by the exit of Bank President David Malpass and the arrival of his likely replacement US-nominee Ajay Banga (Dispatches 23/2/23 David Malpass quits bank as radical changes loom)...
On 6 March the World Bank announced that it would suspend 'until further notice' its partnership framework with Tunisia with a letter by outgoing Bank President David Malpass stating that 'public comments that stir up discrimination attacks and racist violence are completely unacceptable'...
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Dealing with such critiques will be one of Banga's first tasks should he become the Bank's next president when David Malpass is due to step down in June (Dispatches 23/2/23 David Malpass quits bank as radical changes loom)...
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The resignation of World Bank President David Malpass a year before his term expires in April 2024 was well received by United States Treasury Secretary Janet Yellen who had been prodding the institution to step up its efforts on climate finance and debt relief programmes...
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It has also secured some support from France's President Emmanuel Macron IMF managing director Kristalina Georgieva and albeit more qualified from United States climate envoy John Kerry and World Bank President David Malpass...
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World Bank President David Malpass has pinned responsibility on China for being 'slow to help' on debt restructuring for Zambia and more broadly noting that China accounted for 66% of loans by bilateral creditors in 2021 and for the bulk of the 6...
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This latest row over the Bank's climate record comes at awkward time for the Bank's President David Malpass...
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World Bank President David Malpass said on 18 April that it is planning a $170bn crisis response fund running from this month to June 2023 with about $50bn to be disbursed over the next three months...
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