David Malpass has stepped down as president of the World Bank, with a year still left before the end of his five-year term.
Appointed by US President Donald Trump in 2019, Malpass, an economic analyst, resigned months after he faced criticism for being a climate change denier. In September, during an interview, he had dithered and declined to agree that fossil fuel consumption is warming the planet.
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Malpass later acknowledged manmade climate change and improved climate financing at the World Bank, doubling its climate commitments to $32 billion. In his resignation statement, Malpass said he quit early to “pursue new challenges” and “provide opportunity for a smooth leadership transfer.”
His retirement coincides with efforts by Janet Yellen, the US treasury secretary, to reform the World Bank and increase climate-related loans. In mid-April, Yellen said, World Bank governors will adopt updates to the institution’s vision and mission
Traditionally, the US chooses World Bank presidents, and its choices have invariably been American bankers or economists. But not only are US priorities increasingly out of step with the goals of international financial institutions, chair of the US Official Monetary and Financial Institutions Forum Mark Sobel wrote, but the choice of a non-American bank president would counter regionalism.
The World Bank gives developing nations billions every year; in 2022, it committed $104 billion to projects around the world. But the bank has been criticised for not sufficiently helping climate-impacted countries and for burdening poor countries with debt. A non-American head would do more than symbolically herald a new world order; they would also come with a different understanding of the most urgent priorities facing developing, climate-hit nations today.
It doesn’t, however, seem like the Biden administration is in the mood to break the unwritten code of the World Bank presidency. Rajiv Shah, the head of the Rockefeller Foundation; Samantha Power, the former US ambassador to the UN; and Indra Nooyi, the former CEO of Pepsico have all been floated as potential replacements for Malpass by global development experts – and they’re all American.
Read the full article published by Quartz HERE.
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Categories: Breaking News, World News
Your following statement projects that you believe climate change is the most urgent matter facing low-lying countries;
“A non-American head would do more than symbolically herald a new world order; they would also come with a different understanding of the most urgent priorities facing developing, climate-hit nations today”
I don’t agree..
Hi Tom,it is not our statement. Our article is a shortened version of Quartz’s article. It is therefore Quartz’s statement. I published a summary of their article to highlight what I see as a significant development – the resignation of the President of the World Bank to make way for a change in gear, full steam ahead, for the Climate Change Cult.
I personally see the whole fear mongering “climate change narrative” as a scam – a control tool. In other words, in my view, there are no “climate-hit” nations in they way the Globalists try to portray. There may be areas in the world where there is deforrestation etc but that is not due to “climate change.” And while it may have an impact on local weather (e.g. less trees = less rain), it is not impacting global climate or causing global warming.
The “climate cult” aka death cult demands blind faith and acceptance if their dogma.
WARS are warming the planet and have gone on long enough.
I cant think of any war that has helped people. Many died in WW2 and talking with veterans over the last 25 years many were asking why did we bother, for what was developing it was a waste of lives and effort. Defence is the only reason to fight.
it is called the department of defense but it does not defend, it is in fact a department of war. and since that is its real reason of existence (and of course the war equipment trade) all it is after, is making more war
Future Unity just released this video that (((NASA))) announced the Moon shifted and it’s going to cause record flooding on Earth. One only need to look at leaders of NASA to get a full picture.
https://www.youtube.com/watch?v=Z61oJp6grS4
Administrator Bill Nelson, (((US Army))) and leader of NASA lives with his family in Melbourne, FL, USA:
Deputy Administrator of NASA, Pam Melroy (((Air Force))) calls Rochester, NY, USA her home:
The coastal properties are the most desirable and expensive. The insurance companies wouldn’t insure if any of this would be true.
just like the Obamas, and many other rich people, who own sea and oceanside properties, none of them believe it themselves. Would you buy a multimillion property if you were sure it would be submerged in a few years?
Haha … good research!
Most of us would not deny Climate changes, it always has and will
Its the accusation of being denier when folk don’t agree man is causing a catastrophe! It is not, when verified data is examined rather than computer models which are less reliable than chicken entrails.
CO2 initially has an effect, the first 20 ppm and thereafter it declines on a log basis. At over 350ppm no measurable heating is observed. As we have 400 ppm it matter not one bit, even 800ppm would add very very little.
But CO2 is heavier than air …
Mount Etna has a burp and it spews out more so called “Greenhouse Gasses” than mankind has emitted over the last 10,000 years…
So let’s have a think hey ?.
[…] It’s a cult. […]
To me there is a schism that is not helpful. Too many opposing Government policies and their Reset Agenda fall into the trap of highlighting carbon hypocrisy and footprints – this gives credence to CO2 being an issue when it is plant food and essential for life. The 12 year old speaking at the Oxford 15 minite protest did exactlybthe same. Aside from that she was spot on. Enjoyed her Greta joke.
Whether pointing out the hypocrisy to the hypocrites & others is a “trap” or not depends on how you do it. If you do it AND also point out that CO2 is literally plant food and therefore NOT a pollutant, then I think that’s not stepping into a trap, but pointing out the trap to everyone else.
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You all remind me of martha’s vineyard. There’s no problem until it affects you. There’s no problem with immigrants unless they end up next to you, there’s no problem with queers unless they end up in your daughter’s bathroom, there’s no problem with wars unless the bombs start falling where you live, and there’s no problem with pollution unless the toxic sludge is dumped next to your house. Last I read you’re all planning to build nuclear powers stations on the other side of the channel and run pipes until the sea to suck up the power, all so that you can claim to be “net zero”.
The public inertia.
[…] – World Bank President steps down after accusations of “climate change denier” […]
Bankers fix the climate by printing more money, getting the government to tax you to repay the fake debt and by trading carbon credits like Crypto Exchange.
The carbon credits ebsure even the most remote indigenous populations can’t live off the land as Nature intended.
Hi Rabbi Seamus,
You just reminded me of Maurice Strong, who made himself a millionaire, buying and selling carbon credit certificates.
He bought them off farmers, and sold them to Power stations.
Then went to live in China to spend all his money.
China, that is exempt from any carbon nonsense.
[…] steps down after accusations of “climate change denier” – by Rhoda Wilson – https://expose-news.com/2023/02/21/world-bank-president-steps-down-after-accusations/ – “David Malpass has stepped down as president of the World Bank, with a year still […]
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