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Malpass steps down as World Bank chief

WASHINGTON, D.C.: David Malpass is stepping down as president of the World Bank, nearly four years after former president Donald Trump nominated him to run the 189-nation agency.

The anti-poverty lender said Wednesday that Malpass would be leaving by June 30. His five-year term was due to expire in April 2024.

STEPPING DOWN Photo of World Bank Group President David Malpass. On Wednesday, Feb. 15, 2023 (February 16 in Manila), it was announced that Malpass is stepping down as president of the World Bank after serving for four years. AP PHOTO