World Bank President David Malpass is stepping down from his four-year post.

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World Bank President David Malpass is stepping down from his four-year post.

US Treasury Secretary Janet Yellen thanked Malpass for her service, as World Bank President and her commitment to a smooth transition.

The United States expects a transparent, merit-based and, expedited nomination process for the next World Bank President.

The statement reminded that, while developing countries are under severe fiscal pressure, Malpass meets frequently, with world leaders to discuss supportive policies, including debt reduction, to break unsustainable debt cycles



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Tags:
World Bank President David Malpass is stepping down from his four-year post
Global News
golahura
US Treasury Secretary Janet Yellen thanked Malpass for her service
as World Bank President and her commitment to a smooth transition.
The United States expects a transparent
merit-based and
expedited nomination process for the next World Bank President.
The statement reminded that
while developing countries are under severe fiscal pressure
Malpass meets frequently