David Malpass

Indian-origin Ajay Banga has been selected as the next president of the World Bank today. He will succeed David Malpass, who announced his plans to step down in February this year.

US President Joe Biden said Thursday that Washington is nominating former Mastercard chief executive Ajay Banga to lead the World Bank after its current chief David Malpass announced plans to step down early.

In his four years as World Bank President, David Malpass oversaw its response to crises ranging from the COVID-19 pandemic to Russia's invasion of Ukraine, and food and energy shortages.

World Bank chief David Malpass announced Wednesday he would step down by the end of June from his position heading the development lender.

India has been one of the leaders in digitisation that empowers and expands the social safety net, World Bank President David Malpass said on Friday.

World Bank President David Malpass on Wednesday warned that it could take years for global energy production to diversify away from Russia, prolonging the risk of stagflation, or a period of low growth and high inflation.

Union Finance Minister Nirmala Sitharaman met with World Bank President David Malpass in Washington on Friday and discussed several key economic issues.

Physical damage to Ukraine's buildings and infrastructure from Russia's invasion has reached roughly $60 billion and will rise further as the war continues, World Bank President David Malpass said on Thursday.

World Bank is cutting its global growth forecast for 2022 by nearly a full percentage point to 3.2 per cent due to Russia-Ukraine war

World Bank Chief David Malpass on Saturday congratulated India on a successful vaccination campaign against pandemic as he met Finance Minister Nirmala Sitharaman and thanked her for India's international role in vaccine production and distribution.

Nirmala Sitharaman discussed post-pandemic economic recovery, India's major role in the global fight against Covid and preparations for the upcoming Climate Conference among other issues during her meeting with World Bank President David Malpass.

''....the hit that COVID caused on the Indian economy and especially on the informal sector of the Indian economy which is large," said David Malpass, World Bank, President

Gross Domestic Product (GDP) in many emerging economies will return to pre-pandemic levels next year, while per capita income level in will take longer to recover, World Bank President David R. Malpass said on Monday.

There is now a faster global growth driven primarily by the US, China and India, World Bank president David Malpass has said even as he expressed concern over growing inequality due to the COVID-19 pandemic.

World Bank President David Malpass has said that with the Serum Institute, India is blessed to have a major manufacturer of global vaccines and he is encouraged by the country's ramping up of its domestic vaccination programme.

Indian-origin Ajay Banga has been selected as the next president of the World Bank today. He will succeed David Malpass, who announced his plans to step down in February this year.

US President Joe Biden said Thursday that Washington is nominating former Mastercard chief executive Ajay Banga to lead the World Bank after its current chief David Malpass announced plans to step down early.

In his four years as World Bank President, David Malpass oversaw its response to crises ranging from the COVID-19 pandemic to Russia's invasion of Ukraine, and food and energy shortages.

World Bank chief David Malpass announced Wednesday he would step down by the end of June from his position heading the development lender.

India has been one of the leaders in digitisation that empowers and expands the social safety net, World Bank President David Malpass said on Friday.

World Bank President David Malpass on Wednesday warned that it could take years for global energy production to diversify away from Russia, prolonging the risk of stagflation, or a period of low growth and high inflation.

Union Finance Minister Nirmala Sitharaman met with World Bank President David Malpass in Washington on Friday and discussed several key economic issues.

Physical damage to Ukraine's buildings and infrastructure from Russia's invasion has reached roughly $60 billion and will rise further as the war continues, World Bank President David Malpass said on Thursday.

World Bank is cutting its global growth forecast for 2022 by nearly a full percentage point to 3.2 per cent due to Russia-Ukraine war

World Bank Chief David Malpass on Saturday congratulated India on a successful vaccination campaign against pandemic as he met Finance Minister Nirmala Sitharaman and thanked her for India's international role in vaccine production and distribution.

Nirmala Sitharaman discussed post-pandemic economic recovery, India's major role in the global fight against Covid and preparations for the upcoming Climate Conference among other issues during her meeting with World Bank President David Malpass.

''....the hit that COVID caused on the Indian economy and especially on the informal sector of the Indian economy which is large," said David Malpass, World Bank, President

Gross Domestic Product (GDP) in many emerging economies will return to pre-pandemic levels next year, while per capita income level in will take longer to recover, World Bank President David R. Malpass said on Monday.

There is now a faster global growth driven primarily by the US, China and India, World Bank president David Malpass has said even as he expressed concern over growing inequality due to the COVID-19 pandemic.

World Bank President David Malpass has said that with the Serum Institute, India is blessed to have a major manufacturer of global vaccines and he is encouraged by the country's ramping up of its domestic vaccination programme.