World Bank: David Malpass begins five-year term as President

The recently appointed President of the World Bank, David Malpass begins his five-year term of office this Tuesday, 9th April 2019.

David Malpass was selected as the 13th President of the World Bank by the Bank’s Board of Executive Directors on 5th April 2019.

He takes over from Jim Yong Kim who resigned on 1st February 2019 and was replaced by an Interim President, Kristalina Georgieva.

Career Profile of David Malpass

Before his appointment as President of the World Bank, David Malpass was Under Secretary of the Treasury for International Affairs for the United States.

Prior to this, he was an International Economist and founder of a macroeconomics research firm based in New York City.

He also served as Chief Economist of Bear Stearns and conducted financial analyses of countries around the world.

David Malpass was one-time U.S. Deputy Assistant Secretary of the Treasury for Developing Nations and Deputy Assistant Secretary of State for Latin American Economic Affairs.

He had once served as Senior Analyst for Taxes and Trade at the U.S. Senate Budget Committee and as Staff Director of the Joint Economic Committee of the U.S. Congress.

He also served on the boards of the Council of the Americas, Economic Club of New York, National Committee on U.S.–China Relations, Manhattan Institute and Gary Klinsky Children’s Centers, as well as various for-profit entities.

The learned man is the author of numerous articles on several aspects of economic development.

Academic Profile

David Malpass graduated with a Bachelor’s Degree from Colorado College and later obtained an MBA from the University of Denver.

He was a Certified Public Accountant (CPA) and undertook advanced graduate work in International Economics at the School of Foreign Service at Georgetown University and has studied Spanish, Russian, and French.

Family Life

David Robert Malpass was born on 8th March 1956 in Petoskey, Michigan in the United States of America.

He is married to Adele Malpass, a Journalist and they have four children.

Eleanor Ayuketah Ngochi

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