Climate Activists Set to Take Control of the World Bank
Commentary
A change at the World Bank signals change in both U.S. development policy to climate concerns and, possibly, creates a geostrategic risk for the United States.
David Malpass, the head of the World Bank, has announced he would leave the office in June, a year before his term was to expire. Malpass, who had been appointed by then-president Donald Trump in 2019, is a Republican who ran for the Senate from New York in 2010 and whose wife formerly chaired the New York County Republican Committee. He had held various economic and policymaking roles in Washington going back to the Reagan administration, and had been chief economist for Bear Stearns, the former investment bank….