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World Bank Group president announces intention to step down — press release

David Malpas has held this position for over four years
World Bank Group President David Malpass Patrick Semansky/ASSOCIATED PRESS
World Bank Group President David Malpass
© Patrick Semansky/ASSOCIATED PRESS

WASHINGTON, February 15. /TASS/. World Bank Group President David Malpass has announced his decision to resign from his position by June 30, the World Bank said in a press release on Wednesday.

"World Bank Group President David Malpass today informed the Board of Executive Directors of his intention to step down from his position by the end of the Bank Group’s fiscal year on June 30 after serving more than four years," the press release said.