World Bank President David Malpass denied that controversy over his views on the link between greenhouse gas emissions and climate change drove his decision to step down prematurely. “I’m leaving on my own terms, having accomplished a lot,” he said.
its climate funding to nearly $32 billion in its most recent fiscal year. The bank also has drafted detailed analyses for more than two dozen countries, aimed at helping officials prioritize claims on government coffers.“There’s been a lot of effort to personalize the challenge the world faces — this tremendous challenge of how to get enough resources to climate” without shortchanging education and health programs, Malpass said. “We’re doing a good job in balancing that.
Pressed to be more specific, Malpass responded by noting that the World Bank is the third-largest employer in the nation’s capital. “I keep thinking The Washington Post would be more interested in a great employer run so effectively in these years,” he said.In 2019, President Donald Trump nominated Malpass, at the time the undersecretary for international affairs, to a five-year term as the bank’s president.
Under an informal agreement since the 1944 establishment of the global financial institutions, the United States has selected the bank’s chief, while European leaders pick the IMF boss.
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