“Throughout his tenure, David Malpass has focused his efforts on seeking stronger policies to boost economic growth, reduce poverty, improve the standard of living of the populations and to reduce the burden of public debt”, welcomed the World Bank (WB) in a press release published on February 16.
Even if the reasons for David Malpass’s resignation have not been specified, it is certain that his departure from the WB comes in a very specific context: the debt of developing countries development is exploding, the poverty rate has deteriorated, and the world is facing unprecedented stagflation, against the backdrop of the fallout from the Covid-19 pandemic and the war in Ukraine.
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IMF DG wants to strengthen the “financial safety net” for African countries
The institution’s inaction and lack of involvement in the field have been denounced by many officials, starting with Janet Yellen, the secretary