World Bank president resigns
The administration of former US President Donald Trump in 2019 elected Malpass, then US Deputy Secretary of the Treasury, as President of the World Bank for a five-year term. The United States, as the main source of funds for the bank, usually makes the final decision when choosing the president of the World Bank. The administration of President Joe Biden retained Malpass. But support for Malpass's continued presence, both in Washington and among other Western participants, was undermined in September 2022 when he refused to say during a public event whether he agreed that burning fossil fuels is a critical driver of climate change.