“After much thought, I have decided to take on new challenges. Now the World Bank can carry out a seamless change of leadership when we are facing global challenges,” writes Malpass.
The 66-year-old American economist took up the post at the World Bank in the spring of 2019.
The World Bank is part of the Bretton Woods institutions established after World War II. The headquarters are located in Washington DC. The bank is a leader in lending to mainly projects in growing economies and developing countries.