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David Malpass News

26 May 2022

Russia-Ukraine war could cause global recession: World Bank chief

Chief of the World Bank has warned that Russia`s ongoing invasion of Ukraine could cause a global recession. He made the remarks while addressing a US business event on Wednesday. He also raised concerns about lockdowns in some of China`s major cities.

05 Feb 2019

Trump to choose Treasury's Malpass to lead World Bank: sources

David Malpass, or any other US nominee, would still need to win approval from the World Bank`s 12-member executive board.

13 Dec 2018

US likely to oppose IMF bailout to Pakistan to repay Chinese debt

Cash-strapped Pakistan is seeking USD 8 billion from the International Monetary Fund (IMF) to bail itself out from a severe balance-of-payments crisis that threatens to cripple the country's economy.

10 Nov 2016

Stop talking about the Fed: Donald Trump economic adviser

A senior economic adviser to President-elect Donald Trump stressed economic growth over discussion of Federal Reserve policies on Thursday, citing the need for small-business job growth through better regulation, energy policy and tax cuts.

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