World Bank President David Malpass said on Friday that he was keeping an 'intense' focus on the bank's efforts to address climate change and was embracing the U.S. Treasury's call to dramatically boost lending capacity to address this and other global problems.
World Bank Group President David R. Malpass speaks during the 2019 United Nations Climate Action Summit at U.N. headquarters in New York City, New York, U.S., September 23, 2019. REUTERS/Lucas Jackson/File Photo
Asked if he expected complete his five-year term despite some U.S. democratic lawmakers urging President Joe Biden to Malpass, a former U.S. Treasury official, was nominated by then-President Donald Trump in 2019 for a five-year term that ends in April 2024. The United States is the largest shareholder of the World Bank, which has been led by an American since it began operations in 1946.
U.S. Treasury Secretary Janet Yellen on Thursday urged the World Bank and other multilateral development lenders to
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