David Malpass

World Bank Issues Warning Over Impending Global Recession

May 26, 2022. by Ekohot Editor

The World Bank cut its global economic growth forecast for this year by almost a full percentage point, to 3.2% Malpass also said that many European countries were still too dependent on Russia for oil and gas EDITOR’S PICK Ukraine War: West Must ‘Prepare For War’, Says Ex-Nato Chief As Putin Unleashes Cruise Missiles In … Read more

World Bank Has A New President

Apr 6, 2019. by Otunba T.J Abass

The 63 year old, David Malpass, a senior US Treasury official in President Donald Trump’s administration, was unanimously chosen Friday as the next president of the World Bank. The selection of Malpass was made by the bank’s board of directors in an “open, transparent” nomination process in which citizens of all membership countries were potentially … Read more