World Bank president to step down in June

World Bank president to step down in June

Daily Current Affairs   /   World Bank president to step down in June

Change Language English Hindi

Category : Appointment/Resignation Published on: February 18 2023

Share on facebook
  • World Bank President David Malpass has announced to step down a year before his term ends.
  • Malpass will leave his position on June 30, the end of the World Bank’s fiscal year, after serving more than four years in the role.
  • The World Bank, a group of 187 nations, lends money to developing countries to help reduce poverty. 
  • Former US President Donald Trump appointed Malpass as World Bank chief in 2019 for a five-year period. As the largest shareholder, the United States traditionally appoints its president.
Recent Post's
  • Jyotiraditya Scindia inaugurated the SatCom Summit at India Mobile Congress 2025 to boost digital connectivity in remote villages through satellite communication.

    Read More....
  • The 2025 Nobel Prize in Chemistry honored Susumu Kitagawa, Richard Robson, and Omar Yaghi for developing metal–organic frameworks that revolutionized molecular design and offer solutions for pollution and water scarcity.

    Read More....
  • International Abhidhamma Day celebrated the timeless wisdom and contemporary relevance of Buddhist philosophy.

    Read More....
  • India joins regional powers to oppose foreign military presence in Afghanistan.

    Read More....
  • Cabinet approves four major multi-tracking railway projects across four states, boosting connectivity, reducing emissions, and supporting regional development.

    Read More....
  • CBI, in collaboration with global agencies, busted international cybercrime networks under Operation HAECHI-VI, arresting 8 and identifying 45 suspects.

    Read More....
  • DRDO launches IRSA 1.0, boosting India’s self-reliance in military communication technology.

    Read More....
  • PM Narendra Modi launches Mumbai One app, India’s first unified public transport ticketing platform.

    Read More....
  • India expands e-NAM by adding 9 new commodities, enhancing market access, transparency, and income for farmers.

    Read More....
  • Group Captain Shubhanshu Shukla, India’s first ISS astronaut, becomes the brand ambassador of Viksit Bharat Buildathon, inspiring students nationwide.

    Read More....