World Bank chief David Malpass has announced he will step down in June, nearly a year before the end of his term.Malpass, who was nominated to his five-year term by former United States President Donald Trump in 2019, said on Wednesday he had decided to pursue new challenges after having the “enormous honour and privilege” of leading the international lender.“With developing countries facing unprecedented crises, I’m proud that the Bank Group has responded with speed, scale, innovation, and impact,” Malpass said in a statement posted on the lender’s website.
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