The World Bank should appoint a new president in early May, following the announced resignation of David Malpass, who will leave his post on June 30, the institution said in a statement on Wednesday. The search for a successor to David Malpass will launch on February 23 with the start of an application submission that will last until March 29.
A shortlist of a maximum of three candidates will then be published “prior to formal interviews (…) conducted by administrators pending the selection of the new president in early May 2023,” the press release added. The Bank says that it “strongly encourages the application of women”.
The privileged American candidates?
Candidates for the position must respond to “proven leadership experience”, “experience in managing large organizations”, “a strong commitment to multilateral cooperation” in particular. An unspoken rule, not mentioned in this roadmap, historically gives management of the World Bank to an American, and that of the International Monetary Fund (IMF) to a European.
David Malpass, 66, a former US Treasury official, took office in April 2019 at the suggestion of President Donald Trump. He unexpectedly announced his resignation on February 15, a year before the end of his term. If the reasons for his departure were not specified, the leader of the World Bank had been criticized for his lack of voluntarism in the climate component.
Source: BFM TV
