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Nairaland Forum / Nairaland / General / Business / David Malpass Appointed 13th President Of World Bank (21118 Views)
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David Malpass Appointed 13th President Of World Bank by 6Ebisco: 11:25pm On Apr 05, 2019 |
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/ 3 Likes 3 Shares
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Re: David Malpass Appointed 13th President Of World Bank by lonelydora: 3:18am On Apr 06, 2019 |
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 15 Likes 2 Shares
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Re: David Malpass Appointed 13th President Of World Bank by naijjaman(m): 3:20am On Apr 06, 2019 |
Ok |
Re: David Malpass Appointed 13th President Of World Bank by AntiZombie: 3:20am On Apr 06, 2019 |
Nice The could b like the zenith of a bankers Or economist career 1 Like |
Re: David Malpass Appointed 13th President Of World Bank by GavelSlam: 3:21am On Apr 06, 2019 |
Ok |
Re: David Malpass Appointed 13th President Of World Bank by sonature1: 3:21am On Apr 06, 2019 |
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 61 Likes 5 Shares |
Re: David Malpass Appointed 13th President Of World Bank by eliwa47(m): 3:24am On Apr 06, 2019 |
We don hear, does that make any meaningful and positive impact on Nigerian economy? just asking ni o! |
Re: David Malpass Appointed 13th President Of World Bank by konkacid: 3:33am On Apr 06, 2019 |
Nawa o... Okonjo nko? |
Re: David Malpass Appointed 13th President Of World Bank by DonroxyII: 3:39am On Apr 06, 2019 |
America using world bank to rob the world since time 0 ..... 2 Likes 1 Share |
Re: David Malpass Appointed 13th President Of World Bank by panpan(m): 3:42am On Apr 06, 2019 |
6Ebisco: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. 9 Likes |
Re: David Malpass Appointed 13th President Of World Bank by scribble: 3:52am On Apr 06, 2019 |
lonelydora: We are not sleeping o, it's network 6 Likes |
Re: David Malpass Appointed 13th President Of World Bank by dalass(f): 3:55am On Apr 06, 2019 |
I wonder why you people don't sleep. Trying to grab FTC 1 Like |
Re: David Malpass Appointed 13th President Of World Bank by DavSagacity(m): 3:59am On Apr 06, 2019 |
lonelydora:And since to comment first is the target you are passionately running after on Nairaland, to you I say "May GOd bless your hussle" 3 Likes 1 Share |
Re: David Malpass Appointed 13th President Of World Bank by StoneLucifer: 3:59am On Apr 06, 2019 |
Qualification and Priviledge are two complete different games.. 2 Likes |
Re: David Malpass Appointed 13th President Of World Bank by Gerrard59(m): 4:01am On Apr 06, 2019 |
And to think that he studied physics in his first degree . Reminds me of Tidjane Thiam of Credit Sussie. sonature1: 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! 54 Likes 10 Shares |
Re: David Malpass Appointed 13th President Of World Bank by AgreatMan: 4:26am On Apr 06, 2019 |
sonature1: 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? 24 Likes 3 Shares |
Re: David Malpass Appointed 13th President Of World Bank by dollarsplenty(m): 4:28am On Apr 06, 2019 |
As usual, he is an American |
Re: David Malpass Appointed 13th President Of World Bank by Lastorator: 4:32am On Apr 06, 2019 |
Aw fa awa NOI ? |
Re: David Malpass Appointed 13th President Of World Bank by amiibaby(f): 5:16am On Apr 06, 2019 |
Nice one |
Re: David Malpass Appointed 13th President Of World Bank by sonature1: 5:24am On Apr 06, 2019 |
AgreatMan: Get off my mention, silly thing My opinion is my business! 7 Likes 2 Shares |
Re: David Malpass Appointed 13th President Of World Bank by Episteme2(m): 5:25am On Apr 06, 2019 |
AgreatMan: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. 13 Likes 3 Shares |
Re: David Malpass Appointed 13th President Of World Bank by Nobody: 5:28am On Apr 06, 2019 |
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 |
Re: David Malpass Appointed 13th President Of World Bank by RTSC: 5:39am On Apr 06, 2019 |
AgreatMan: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. 13 Likes 2 Shares |
Re: David Malpass Appointed 13th President Of World Bank by VcStunner(m): 5:45am On Apr 06, 2019 |
Hmmm |
Re: David Malpass Appointed 13th President Of World Bank by VcStunner(m): 5:52am On Apr 06, 2019 |
RTSC:damn...what a reply 2 Likes 2 Shares |
Re: David Malpass Appointed 13th President Of World Bank by NaijaFutbol: 5:54am On Apr 06, 2019 |
It was going to be Malpass all day |
Re: David Malpass Appointed 13th President Of World Bank by AgreatMan: 5:58am On Apr 06, 2019 |
sonature1: nobody care about your opinion. You lost that privilege when u came out to comment. 5 Likes |
Re: David Malpass Appointed 13th President Of World Bank by AgreatMan: 6:02am On Apr 06, 2019 |
RTSC: 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. |
Re: David Malpass Appointed 13th President Of World Bank by RTSC: 6:03am On Apr 06, 2019 |
AgreatMan:Buhari nomination would have zero effect. When Jonathan nominated her as president, nothing happened. This is not the African union. 3 Likes |
Re: David Malpass Appointed 13th President Of World Bank by Pekele007: 6:15am On Apr 06, 2019 |
AgreatMan: 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. 13 Likes 1 Share |
Re: David Malpass Appointed 13th President Of World Bank by dingbang(m): 6:15am On Apr 06, 2019 |
Funny Things People Do In The Bank / Why Aliko Dangote Should Be Nigeria's Next President / Waste Disposal Business
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