The US is the World Bank’s largest shareholder and a major source of its funding. An American has led the institution since its start in the 1940s, when it was created to help rebuild Europe in the aftermath of the Second World War. The president of the World Bank will step down from his post in June, leaving the organisation almost a year before his term was due to end. Mr Malpass started his five-year term in April 2019, after serving in the US Department of Treasury during the Trump administration. In a statement, Mr Malpass said he was proud of what he had accomplished at the bank, which oversees billions of dollars in lending to developing countries each year. At an event in September, former US Vice President Al Gore called for his replacement, saying the bank was not doing enough to raise funding for climate issues and it was “ridiculous to have a climate denier as the head of the World Bank.” Do you think that David Malpass was forced to step down ?
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