David Malpass: News

US nominee Ajay Banga to become World Bank president unopposed 

Ajay Banga, the former CEO of Mastercard, is set to become the World Bank president after nominations closed on Wednesday and no country chose to field a challenger, reported Bloomberg.

World Bank deployed $157bn in 15 months to fight COVID-19

In its largest-ever crisis response, the World Bank deployed over $157 billion to fight the impact of the COVID-19 pandemic on health, economic and social fronts over the last 15 months.

Donald Trump nominates David Malpass for World Bank President

US President Donald Trump has nominated David Malpass, a vocal critic of the World Bank, to head the international financial institution, sparking concerns that he may seek to reduce the role of the global lender.

US demands transparency over Chinese debt on Pakistan

The US is demanding transparency over China's debt on Pakistan, Under Secretary of Treasury for International Affairs David Malpass told lawmakers during a Congressional hearing, amid concerns that Islamabad is seeking a multibillion-dollar bailout package from IMF to pay back Chinese creditors.