SINGAPORE (Apr 15): New World Bank president David Malpass said on April 9 that he will not alter the lender’s commitment to fight climate change, but pledged to step up its anti-poverty mission and to evolve the bank’s relationship with China.
Malpass, who started at the bank on April 9, was nominated by US President Donald Trump. Some development professionals feared that he would pursue Trump’s “America First” agenda at the bank by resuming financing for coal power projects and pressuring China.
But Malpass told reporters that he will pursue the World Bank’s climate change goals, including its previous decision to withdraw from coal power funding. He called climate change a “key problem” facing many of the world’s developing countries.