37.4 C
Abuja
Saturday, March 28, 2020

David Malpass is new World Bank president

Must Read

High Number of Chinese Tourists Responsible for Italy’s Coronavirus Woes – US Task Force

  Dr. Anthony Fauci, chief medical advisor to the Trump administration’s coronavirus task force, said Thursday that Italy has been...

The Day In Pictures: Buhari, minister of health and DG NCDC at the Villa

  President, Muhammadu Buhari Saturday at the Presidential Villa, Abuja, met with the Minister of Health, Prof Osagie Ehanire, and...

What triggered Akure explosion, by Gov. Akeredolu

  The multiple explosion which occurred about two kilometres to Akure Airport in the wee-hours of Saturday was triggered by...

The World Bank’s executive board on Friday unanimously approved David Malpass as the development bank’s 13th president.

The 63-year-old senior US Treasury official begins his five-year term as head of the World Bank on Tuesday, replacing former president Jim Yong Kim following his unexpected departure three years before the end of his term.

Malpass, who had joined Donald Trump’s presidential campaign as an economic adviser, was serving as Treasury’s under-secretary of international affairs.

Since the foundation of the global financial institutions following World War II, an American has always headed the World Bank, while a European has led the International Monetary Fund.

 

- Advertisement -

LEAVE A REPLY

Please enter your comment!
Please enter your name here

- Advertisement -

Latest News

High Number of Chinese Tourists Responsible for Italy’s Coronavirus Woes – US Task Force

  Dr. Anthony Fauci, chief medical advisor to the Trump administration’s coronavirus task force, said Thursday that Italy has been...

The Day In Pictures: Buhari, minister of health and DG NCDC at the Villa

  President, Muhammadu Buhari Saturday at the Presidential Villa, Abuja, met with the Minister of Health, Prof Osagie Ehanire, and the Director-General of the Nigeria Centre...

What triggered Akure explosion, by Gov. Akeredolu

  The multiple explosion which occurred about two kilometres to Akure Airport in the wee-hours of Saturday was triggered by a fire which ignited a...

Scores of Houses, Churches, Schools Others Destroyed As Bomb Explosion Rocks Akure

  In Akure, the Ondo State capital, scores of houses, churches, schools and others have been shattered by defeaning multiple explosions reportedly triggered by bombs...

Davido says his fiancé Chioma has coronavirus

  Music star Davido said Friday that his fiancé has tested positive for the coronavirus. He made the announcement on his Twitter page. Hey everyone ! I...

More Articles Like This

- Advertisement -