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