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David Malpass elected to become the next President of the World Bank Group

05.04.2019  18:38

Today, the World Bank Board of Directors has voted to elect Treasury Undersecretary for International Affairs David Malpass as President of the World Bank Group.

Danish Minister for Development Cooperation, Ulla Tørnæs says:
“I welcome the appointment of David Malpass as the next President of the World Bank Group. The World Bank is one of the most important multilateral development institutions and is committed to carry out the policies approved by member states such as eliminating poverty, working for shared prosperity, protecting the climate, and fostering gender equality.” 

 “Young people in low-income countries wish to get an education and a job, and to live a life with dignity in their own countries, rather than being forced to leave their country for other places, such as Europe. We cannot afford to let these young people down. The World Bank must play a leading role in the joint efforts to fulfill their wishes of a life with education, a job and a future, in environments not under threat of disruption by climate change” says the minister.

The former World Bank President Jim Yong Kim announced his resignation earlier this year.
During his interviews with shareholders – including Denmark and the other Nordic and Baltic countries – David Malpass committed himself to implement the policies outlined by the member states on eliminating poverty and supporting shared prosperity as well as protecting the climate and fostering gender equality, as laid down in the various strategic documents approved by the member states. David Malpass has stated that, with him as President, the World Bank will make a large contribution to the realization of the Sustainable Development Goals and the Climate Change Agenda in close partnership with member states and other multilateral institutions.

For more info:

Press Advisor Marie Dørup Olesen, telephone: +45 6197 9020