In response to the announcement today that World Bank President David Malpass will step down from his position by the end of June, Nadia Daar, Head of Oxfam International’s Washington DC Office, said:
“If shareholders really want to ‘evolve’ the World Bank, then here is their golden opportunity. Malpass’ successor must be hired based on an open, merit-based and transparent selection process rather than the 80-year-old gentleman's agreement which sees the job automatically go to someone from the US. This is critical for the credibility and future strength of multilateralism.
“The Bank needs a visionary leader who can shepherd it into a new era. A leader who will address the climate crisis with the urgency it deserves and prioritize tackling the widening gap between rich and poor, which is severely undermining global progress on poverty eradication.”