Washington: The World Bank has said that its Board of Executive Directors, which has started receiving candidate applications for the position of the organization’s president, is expected to select a successor for the current chief, David Malpass, by early May.
“The World Bank Group Board of Executive Directors affirmed its commitment to an open, merit-based and transparent selection process for its next President … Formal interviews of all shortlisted candidates will be conducted by Executive Directors with the expectation of selecting the new President by early May 2023,” the bank said in a statement.
Candidate nominations could be submitted until March 29, the organization said, adding that it “strongly encourages” women candidates to be nominated.
Earlier in the month, Malpass told his staff in a letter that he planned to leave his job by the end of the bank’s current fiscal year on June 30 and about a year before his term expires.
US Treasury Secretary Janet Yellen said that Washington expected a “transparent, merit-based and swift nomination process” of the new bank chief, also saying that the US would soon put forward a candidate.
The World Bank President has traditionally been a US citizen nominated by Washington
