She will be the 1st woman CFO of World Bank. By Ron Kampeas James Wolfensohn, the World Bank president and philanthropist who helped shepherd Israel’s exit from the Gaza Strip, has died at 86. Ahead of the 2020 Annual Meetings, World Bank Group President David Malpass discussed the impact of the COVID-19 pandemic on the world’s poorest and most vulnerable people in a virtual event hosted by Frankfurt School of Finance and Management. Mr. Malpass represented the United States in international settings, including the G-7 and G-20 Deputy Finance Ministerial, World Bank–IMF Spring and Annual Meetings, and meetings of the Financial Stability Board, the Organization for Economic Cooperation and Development, and the Overseas Private Investment Corporation. "We are focused on saving lives, protecting the poor and vulnerable, working toward sustainable business growth, and rebuilding in better ways.". Previously, Mr. Malpass served as the U.S. Deputy Assistant Secretary of the Treasury for Developing Nations and Deputy Assistant Secretary of State for Latin American Economic Affairs. He focused on an array of foreign policy and development issues, including U.S. involvement in multilateral institutions; the Bank Group’s 1988 capital increase, which supported the creation of the Bank’s environment division; the Enterprise for the America’s Initiative; and Brady bonds to address the Latin American debt crisis. The president is responsible for chairing the meetings of the Boards of Directors and for overall management of the World Bank Group. Various cabinet and government positions; First woman serving as the World Bank Group President, This page was last edited on 28 October 2020, at 21:12. Mr. Malpass earned his bachelor’s degree from Colorado College and his MBA from the University of Denver. Mr. Malpass has served on the boards of the Council of the Americas, Economic Club of New York, National Committee on U.S.–China Relations, Manhattan Institute, and Gary Klinsky Children’s Centers, as well as various for-profit entities. Debt cancellation needed to help poorest countries -World Bank president October 5, 2020. While most World Bank Group presidents have had banking experience, some have not.[1][2]. Ahead of the 2020 Annual Meetings, World Bank Group President David Malpass discussed the impact of the COVID-19 pandemic on the world’s poorest and most vulnerable people in a virtual event hosted by Frankfurt School of Finance and Management. They have four children and share a strong family interest in development issues. If you continue to navigate this website beyond this page, cookies will be placed on your browser. November 26, 2020 3:42 pm Associated Press AP - National News NEW YORK (AP) — James Wolfensohn, who served as the president of the World Bank for 10 years, has died. WASHINGTON, April 15, 2020—World Bank Group President David Malpass today issued his remarks from the G20 finance ministers’ virtual meeting: “Thank you, Mr. Chairman. World Bank Group published this content on 12 December 2020 and is solely responsible for the information contained therein. It comprises two institutions: the International Bank for Reconstruction and Development (IBRD), and the International Development Association (IDA). Disclaimer. Over the last five years some $83 billion of financing. Tap Icon and then Add to Home Screen. World Bank Group President David Malpass shares highlights and links from some of his engagements over the past two weeks as the World Bank Group - International Monetary Fund Annual Meetings draw to a close. This was confirmed on Wednesday by the current President of the World Bank Group, David Malpass, following his statement on the unfortunate incident. The World Bank Group President, Mr. David Malpass, on Thursday, announced the passing of the former World Bank Group President, Jim Wolfensohn, describing it as a great loss. His five-year term began on April 9. The President of the World Bank Group is the head of World Bank Group. He was 86. Before joining the U.S. Treasury, Mr. Malpass was an international economist and founder of a macroeconomics research firm based in New York City. He served as chief economist of Bear Stearns and conducted financial analyses of countries around the world. 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