On Wednesday, February 15, 2023, World Bank President David Malpass announced he would step down from his position at the end of June 2023, about a year before his term ends. Mr. Malpass has led the Bank over the last four years amid compounding crises, including the global pandemic, economic downturn, and accelerating impacts of climate change.

The next World Bank President will assume the role as the institution transforms its mission and purpose as part of an effort to evolve the MDB system, an initiative spearheaded by U.S. Treasury Secretary Janet Yellen. At the end of 2022, the World Bank released its Evolution Roadmap, detailing a plan to reshape its mission and scale up financing to address growing global challenges.

The members of the IFI Working Group have described expectations for the next World Bank President and reacted to the announcement:

Bank Information Center: Statement on the Resignation of World Bank President David Malpass

Center for Global Development: What the Biden Administration Should Be Looking for in a World Bank President

The ONE Campaign: Tweet from ONE’s President Tom Hart

E3G: Tweet from Public Banks Program Leader, Sonia Dunlop

Oxfam: World Bank "evolution" test will be hiring process of new President: Oxfam

Policy Associate

BIC is an independent, non-profit, non-governmental organization that advocates for transparency, accountability, sustainability, and inclusion in development finance.

The Center for Global Development is a non-partisan think tank that works to reduce global poverty and improve lives through innovative economic research that drives better policy and practice by the world’s top decision-makers.

Associate Director, Development Finance and Multilateral Institutions

ONE is a global movement, co-founded by Bono, campaigning to end extreme poverty and preventable disease by 2030, so that everyone, everywhere can lead a life of dignity and opportunity. We are a bipartisan organization that harnesses the power of grassroots activists – on the ground and online – and pop culture influencers. We mix practical policy solutions with savvy political relationships in the halls of power. We reach millions in the media and find partners to expand our reach more. And we do all this in the key capitals in Europe and North America and increasingly, and importantly, across Africa.

Policy Advisor

E3G is an independent European climate change think tank with a global outlook. We work on the frontier of the climate landscape tackling the barriers and advancing the solutions to a safe climate.

Our goal is to translate climate politics, economics and policies into action.

Senior Policy Advisor, Development Finance Institutions

Oxfam is a global organization working to end the injustice of poverty. We help people build better futures for themselves, hold the powerful accountable, and save lives in disasters. Local to global, Oxfam uses advocacy to tackle the systems, policies, and practices that keep people trapped in poverty. We take on inequality, climate justice, gender justice, and inequities in the food chain, and we advocate for the basic human rights and dignity of survivors of conflicts and disasters. We challenge governments, multinational companies, international organizations, and other actors to use their vast power and influence to improve the lives of poor and vulnerable people.

The IFI Working Group Reacts to the Resignation of World Bank President David Malpass

The IFI Working Group Reacts to the Resignation of World Bank President David Malpass

Contributors