David Malpass, the current president of the World Bank, which provides billions of US dollars a year in aid to developing economies, has recently announced that he will step down from his position in June before the end of his term.
The chairman’s five-year term was scheduled to end in April next year. A person representing the United States of America, one of its main stakeholders since history, was elected for the position of chairman of the World Bank. But this time, developing countries and countries with emerging economies have broadened the decision on who will be the next World Bank president, foreign media have shown.
Currently, the names that may come forward from the United States of America as the next World Bank president include Samantha Power, the head of the United States Agency for International Development, Rajiv Shah, a former head of the United States Agency for International Development, Minush Shafiq, a British-American economist born in Egypt, Foreign media have reported that the Deputy Secretary of the United States Treasury, Wally Adeyamo, is in the lead. (BBC)
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