Trump pick Malpass surprises with early exit from World Bank
Wed, February 15, 2023 at 8:47 PM GMT+1
By Andrea Shalal, David Lawder and Valerie Volcovici
WASHINGTON (Reuters) - World Bank President David Malpass on Wednesday said he would leave his post well before his term ends, months after running afoul of the White House for failing to say whether he accepts the scientific consensus on global warming.
Malpass, appointed by former President Donald Trump, will depart the multilateral development bank, which provides billions of dollars a year in funding for developing economies, by the end of June. His five-year term was due to end in April 2024.
The former investment banker informed U.S. Treasury Secretary Janet Yellen of his decision on Tuesday, a source familiar with the matter said.
Malpass, who survived multiple calls for his resignation last fall and was not expected to be offered a second term, gave no specific reason for the move, saying in a statement, "after a good deal of thought, I’ve decided to pursue new challenges."
Malpass has been under pressure from Yellen in recent months to accelerate reforms aimed at changing the way the World Bank operates to ensure broader lending to combat climate change and other global challenges.
https://www.yahoo.com/finance/news/worl ... 39034.html
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Don't let that door hit ya.
"Choose your leaders with wisdom and forethought. To be led by a coward is to be controlled by all that the coward fears… To be led by a liar is to ask to be told lies." -Octavia E. Butler
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This is a weird story. There is more to it. Why did he fight to keep it so hard, then just change his mind and give it up? Something is fishy here.
“Remember, democracy never lasts long. It soon wastes, exhausts, and murders itself. There never was a democracy yet that did not commit suicide.” —John Adams
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Yep.
"Choose your leaders with wisdom and forethought. To be led by a coward is to be controlled by all that the coward fears… To be led by a liar is to ask to be told lies." -Octavia E. Butler
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The article mentions
and I don't think Biden was happy with a climate change denier. At the World Bank he was in charge of handing out money to governments for projects that handle effects of global warming.months after running afoul of the White House for failing to say whether he accepts the scientific consensus on global warming.
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Yeah, but he could have held on tenaciously until fired or whatever. Struck me as odd.RTH10260 wrote: ↑Fri Feb 17, 2023 5:54 pm The article mentionsand I don't think Biden was happy with a climate change denier. At the World Bank he was in charge of handing out money to governments for projects that handle effects of global warming.months after running afoul of the White House for failing to say whether he accepts the scientific consensus on global warming.
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And he did hang on tenaciously for two years, through efforts to oust him last fall. And THEN he resigned.pipistrelle wrote: ↑Fri Feb 17, 2023 6:06 pmYeah, but he could have held on tenaciously until fired or whatever. Struck me as odd.RTH10260 wrote: ↑Fri Feb 17, 2023 5:54 pm The article mentionsand I don't think Biden was happy with a climate change denier. At the World Bank he was in charge of handing out money to governments for projects that handle effects of global warming.months after running afoul of the White House for failing to say whether he accepts the scientific consensus on global warming.
![Confused :confuzzled:](./images/smilies/confused.gif)
“Remember, democracy never lasts long. It soon wastes, exhausts, and murders itself. There never was a democracy yet that did not commit suicide.” —John Adams
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Maybe he found better grifting opportunities elsewhere?
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Now can we do the Post Office?
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How long do you hang on to a job where everyone hates you, you are unable to do the things you took the job to do and the money is exponentially better where you came from?
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You don't have to consent, but I'm gonna tase you anyway.
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You don't have to consent, but I'm gonna tase you anyway.
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How long do you hang onto a job where you cannot profit from its (hidden) perks ?