Banga, a finance and development expert, will take over the role on June 2. He was the sole contender to replace departing World Bank chief David Malpass whose term ends early next month
Sitharaman co-chaired debt roundtable jointly with IMF MD Kristalina Georgieva and World Bank chief David Malpass. The G20 delegations also had a meeting with tech innovators at IISc.
David Malpass was selected as 13th President of the World Bank Group by its Board of Executive Directors on April 5, 2019. His five-year term began on April 9.
Washington [US], February 19 (ANI): The World Bank is considering allocating up to USD 350 million to Ukraine to support reforms, the agency's chief David Malpass said during a Saturday meeting with the Ukrainian President Volodymyr Zelenskyy.