The World Bank Executive Directors has on Friday chosen David Malpass as President of the World Bank Group for a five-year term, beginning on Tuesday, April 9.

The World Bank in a press release published on its website, said the appointment followed a transparent nomination process where any national of the Bank’s membership could be proposed by any Executive Director or Governor.

“The Board looks forward to working with Malpass on the implementation of the Forward Look and the Capital Package Agreement as articulated in the Sustainable Financing for Sustainable Development Paper,” the bank said.

The World Bank President is Chair of the Boards of Directors of the International Bank for Reconstruction and Development (IBRD) and the International Development Association (IDA).

The President is also ex-officio Chair of the Boards of Directors of the International Finance Corporation (IFC), the Multilateral Investment Guarantee Agency (MIGA), and the Administrative Council of the International Centre for Settlement of Investment Disputes (ICSID).

Malpass previously served as Under Secretary of the Treasury for International Affairs for the U.S.

As Under Secretary, Malpass represented the United States in international settings, including the G-7 and G-20 Deputy Finance Ministerial, World Bank-IMF Spring and Annual Meetings of the World Bank.

He also played a role in several major World Bank Group reforms and initiatives.

He was also instrumental in advancing the Debt Transparency Initiative, adopted by the World Bank and IMF, to increase public disclosure of debt and thereby reducing the frequency and severity of debt crises.

Prior to becoming Under Secretary, Malpass was an international economist and founder of a macroeconomics research firm based in New York City.

Earlier in his career, Malpass served as the U.S. Deputy Assistant Secretary of the Treasury for Developing Nations and Deputy Assistant Secretary of State for Latin American Economic Affairs.

In these roles, he focused on an array of economic, budget, and foreign policy issues, such as the U.S involvement in multilateral institutions, including the World Bank.

Malpass had served on the boards of the Council of the Americas, Economic Club of New York, and the National Committee on U.S–China Relations.

He earned his bachelor’s degree from Colorado College and his MBA from the University of Denver.

He undertook advanced graduate work in international economics at the School of Foreign Service at Georgetown University. (NAN)

http://mcebiscoo.com/2019/04/05/david-malpass-appointed-13th-president-of-world-bank/

Congratulations David.




I was just on my own minding my business when this topic hit the front page. And since you all are sleeping, i became the "First to comment".


Nice

Ok

Nice


The could b like the zenith of a bankers


Or economist career

Ok

When more qualified Okonjo-Iweala was denied the position of world bank president for America's Jim Yong Kim, I then realized that talents are evenly distributed but opportunities are not.

Analysts explained that the position of World Bank head is traditionally meant for Americans while that of the IMF is for the Europeans. Well, other continents are just special observers

Indeed, coming from certain countries gives someone an automatic privilege others could only wish they could have.

Congratulations to the new world Bank president

We don hear, does that make any meaningful and positive impact on Nigerian economy? just asking ni o!

Nawa o... Okonjo nko?

America using world bank to rob the world since time 0 .....

6Ebisco:
... the appointment followed a transparent nomination process where any national of the Bank’s membership could be proposed by any Executive Director or Governor.

In theory, any national of the bank's membership can be appointed.

However, in practice, the current and all the past World Bank presidents have been nationals of the United States.

lonelydora:
Congratulations David.




I was just on my own minding my business when this topic hit the front page. And since you all are sleeping, i became the "First to comment".


Nice

We are not sleeping o, it's network

I wonder why you people don't sleep. Trying to grab FTC

lonelydora:
Congratulations David.




I was just on my own minding my business when this topic hit the front page. And since you all are sleeping, i became the "First to comment".


Nice

And since to comment first is the target you are passionately running after on Nairaland, to you I say
"May GOd bless your hussle"

Qualification and Priviledge are two complete different games..

And to think that he studied physics in his first degree . Reminds me of Tidjane Thiam of Credit Sussie.

sonature1:
When more qualified Okonjo-Iweala was denied the position of world bank president for America's Jim Yong Kim, I then realized that talents are evenly distributed but opportunities are not.

Analysts argued that the position of World Bank head is traditionally meant for Americans while that of the IMF is for the Europeans. Well, other continents are just special observers

Indeed, coming from certain countries gives someone an automatic privilege others can only wish they could have.

Congratulations to new world Bank president

It's not partiality. The US contributes more to the World Bank than any other country. Japan even has more credence to the position than African nations. He who pays the piper dictates the tune. The solution is for African nations to utilise their resources well and forge ahead instead of blaming others. An instance is the Asian Development Bank which has had ALL its presidents to be Japanese. Why? She contributes the most. The Chinese knowing fully well that she has literally no say created her own bank - AIIB - Asia Infrastructure Investment Bank. But before she did so, she created wealth for her citizens and most importantly, constant electricity supply which some folks cannot provide after nearly 60 years of independence!

sonature1:
When more qualified Okonjo-Iweala was denied the position of world bank president for America's Jim Yong Kim, I then realized that talents are evenly distributed but opportunities are not.

Analysts argued that the position of World Bank head is traditionally meant for Americans while that of the IMF is for the Europeans. Well, other continents are just special observers

Indeed, coming from certain countries gives someone an automatic privilege others can only wish they could have.

Congratulations to new world Bank president

Okonjo is not the only qualified person for that role, stop getting emotional.

Besides, u don't just sit down n expect to get handed the world Bank president because u r brilliant n r a woman

As minister of d economy (not just finance), she oversaw d massive looting of our wealth that later plunged d country into recession. U really think d world is not watching?

Yes. Nigeria has a way of making brilliant people look dull but okonjo didn't do much to turn d tide. I guess blaming d system was easier for her.

US has is d world largest economy. The number of millionaires in US is more than d entire population of Norway n Sweden combined. So what if they produce both World Bank n IMF president?

As usual, he is an American

Aw fa awa NOI ?

Nice one

AgreatMan:


Okonjo is not the only qualified person for that role, stop getting emotional.

Besides, u don't just sit down n expect to get handed the world Bank president because u r brilliant n r a woman

As minister of d economy (not just finance), she oversaw d massive looting of our wealth that later plunged d country into recession. U really think d world is not watching?

Yes. Nigeria has a way of making brilliant people look dull but okonjo didn't do much to turn d tide. I guess blaming d system was easier for her.

US has is d world largest economy. The number of millionaires in US is more than d entire population of Norway n Sweden combined. So what if they produce both World Bank n IMF president?

Get off my mention, silly thing
My opinion is my business!

AgreatMan:


Okonjo is not the only qualified person for that role, stop getting emotional.

Besides, u don't just sit down n expect to get handed the world Bank president because u r brilliant n r a woman

As minister of d economy (not just finance), she oversaw d massive looting of our wealth that later plunged d country into recession. U really think d world is not watching?

Yes. Nigeria has a way of making brilliant people look dull but okonjo didn't do much to turn d tide. I guess blaming d system was easier for her.

US has is d world largest economy. The number of millionaires in US is more than d entire population of Norway n Sweden combined. So what if they produce both World Bank n IMF president?

This is where your hate gave you out. It got the better of you.
It's just international politics and the interest of larger world economies.

congrats malpass u really deserve this..... he already created a niche for himself in d finance industry and this was only a matter of time

AgreatMan:


Okonjo is not the only qualified person for that role, stop getting emotional.

Besides, u don't just sit down n expect to get handed the world Bank president because u r brilliant n r a woman

As minister of d economy (not just finance), she oversaw d massive looting of our wealth that later plunged d country into recession. U really think d world is not watching?

Yes. Nigeria has a way of making brilliant people look dull but okonjo didn't do much to turn d tide. I guess blaming d system was easier for her.

US has is d world largest economy. The number of millionaires in US is more than d entire population of Norway n Sweden combined. So what if they produce both World Bank n IMF president?

Shut up and take your afonja local politics to your village.

The reason she lost was not because she was not the most qualified.
That is not in question. She sits on the board of nearly 40 global companies, some of them with revenues bigger than Nigeria.

She lost due to international geo politics. Even malpass was reluctantly elected due to his controversial nature and shallow qualifications.

I am sure this is beyond your level, so don't bother.

Hmmm

RTSC:

Shut up and take your afonja local politics to your village.

The reason she lost was not because she was not the most qualified.
That is not in question. She sits on the board of nearly 40 global companies, some of them with revenues bigger than Nigeria.

She lost due to international geo politics. Even malpass was reluctantly elected due to his controversial nature and shallow qualifications.

I am sure this is beyond your level, so don't bother.

damn...what a reply

It was going to be Malpass all day

sonature1:


Get off my mention, silly thing
My opinion is my business!

nobody care about your opinion. You lost that privilege when u came out to comment.

RTSC:

Shut up and take your afonja local politics to your village.

The reason she lost was not because she was not the most qualified.
That is not in question. She sits on the board of nearly 40 global companies, some of them with revenues bigger than Nigeria.

She lost due to international geo politics. Even malpass was reluctantly elected due to his controversial nature and shallow qualifications.

I am sure this is beyond your level, so don't bother.

Nigga, stop fooling around. Donald Trump's nominated the guy. Go n vent your frustrations on Buhari who didn't nominate Okonjo

Bunch of jokers. U think this is Fulani headsmen politics.

AgreatMan:


Nigga, stop fooling around. Donald Trump's nominated the guy, why didn't u ask Buhari to also nominate Okonjo

Buhari nomination would have zero effect.

When Jonathan nominated her as president, nothing happened.

This is not the African union.

AgreatMan:


Nigga, stop fooling around. Donald Trump's nominated the guy. Go n vent your frustrations on Buhari who didn't nominate Okonjo

Bunch of jokers. U think this is Fulani headsmen politics.

How can someone be confidently ignorant and stupid at the same time


Why turn this into a Yoruba - Igbo banter? Try and grow some sense.