David Malpass takes office as World Bank president
David Malpass on Tuesday took office as the president of the World Bank Group, and said he looks forward to undertaking the task with enthusiasm.
David Malpass on Tuesday took office as the president of the World Bank Group, and said he looks forward to undertaking the task with enthusiasm.
Malpass made his debut as the 13th president of the World Bank at its headquarters in Washington D.C. Tuesday morning. "I want to thank the Board of Directors and the Governors for selecting me," he told reporters.
Malpass, former undersecretary for international affairs at the US Treasury Department, was chosen by US President Donald Trump in early February as the US candidate for the post, following the abrupt resignation of former World Bank chief Jim Yong Kim.
Malpass, 63, has secured approval from the World Bank's board after a campaign without competition. The World Bank Group announced in a statement Friday that he was selected as its president for a five-year term beginning on April 9, 2019.
There is a clear mission for the bank: poverty alleviation and shared prosperity. These goals are urgent, and I think we need a clear focus on achieving outcomes," he said.
Malpass also highlighted challenges such as climate change, women's role in economic growth, and the need for stronger growth. "The bank has resources, it has staff, it has the ability to actually have an impact," he said.
Candidates picked by the United States, the World Bank's largest shareholder with 16 percent of its voting power, have all ended up assuming the leadership post since the institution's inception in 1944.
Malpass, who once criticized the World Bank, has raised concerns within the international development community over his skepticism about the role of the bank and multilateralism.
Source: Kazinform News Agency
This information may not be reproduced without reference to Kazakhstan Today. Copyright of materials of News Agency Kazakhstan Today.
relevant news
Kazakhstan Took Part in the 2nd Ministerial Meeting on Strategic Dialogue "Central Asia - Gulf Cooperation Council"
Images | Kazakh MFA
The 2nd Ministerial Meeting on Strategic Dialogue "Central Asia - Gulf Cooperation Council (GCC)" took place in Tashkent, press service of the Kazakh MFA reports.
Kazakhstan delegation was headed by Alibek Bakayev, the Deputy Minister of Foreign Affairs of the Republic of Kazakhstan.
During the event, the countries of Central Asia and GCC discussed the state and prospects of interregional cooperation, as well as current issues of the international agenda.
Kazakh diplomat, in his statement noted the huge potential of this dialogue platform and made specific proposals for increasing cooperation in the trade, economic, cultural, humanitarian, scientific and technological fields.
In this context, Alibek Bakayev emphasized the importance of strengthening trade relations between the two regions and invited the Gulf States to take an active part in the implementation of joint investment projects in Kazakhstan and other Central Asian countries.
In addition, the head of the Kazakh delegation voiced Kazakh initiatives such as expansion of the activities of the Islamic Organization for Food Security and use of the potential of the International Technopark of IT startups "Astana Hub" and organizing of the 5th World Nomad Games in Kazakhstan in September this year.
Concluding the meeting parties adopted Joint Statement, which aimed at strengthening comprehensive cooperation in key areas between the two regions.
It is worth mentioning that the "Central Asia - GCC" dialogue platform was launched in 2022. The First Ministerial Meeting took place in September 2022 in Riyadh, the capital of Saudi Arabia, while the First Summit of this platform was held in July 2023 in Jeddah, with participation of the President of the Republic of Kazakhstan Kassym-Jomart Tokayev.
This information may not be reproduced without reference to Kazakhstan Today. Copyright of materials of News Agency Kazakhstan Today.
Strengthening Cooperation between Kazakhstan and South Africa Discussed at MFA
Images | Kazakh MFA
Deputy Minister of Foreign Affairs of the Republic of Kazakhstan Alibek Bakayev met with Ambassador Extraordinary and Plenipotentiary of South Africa to the Republic of Kazakhstan Kiitumetzi Siipilo Tandeka Matthews, press service of the Kazakh MFA reports.
During the meeting, the parties discussed the current state and prospects for the development of bilateral cooperation in the political, trade, economic, investment, cultural and humanitarian spheres.
Alibek Bakaev underscored the significance of advancing Kazakh-South African relations amidst the increasing role of the African continent on the global affairs.
South African Ambassador Matthews expressed confidence in the continued enhancement of mutually beneficial collaboration between Astana and Pretoria.
Both parties delineated plans to broaden comprehensive cooperation and reviewed the schedule of forthcoming visits and events at the high and highest levels.
This information may not be reproduced without reference to Kazakhstan Today. Copyright of materials of News Agency Kazakhstan Today.
Organization of African, Caribbean and Pacific States Interested in Cooperation with Kazakhstan
Images | Kazakh MFA
Ambassador of Kazakhstan to Belgium, Margulan Baimukhan, met with the Secretary-General of the Organisation of African, Caribbean and Pacific States (OACPS), Georges Rebelo Pinto Chikoti, press service of the Kazakh MFA reports.
During the meeting, the diplomats discussed the prospects of expanding co-operation between Kazakhstan and the OACPS.
The Secretary General spoke about the experience of cooperation between the countries of the Organisation of African, Caribbean and Pacific States and the European Union.
At the same time, they discussed opportunities for co-operation between OACPS member countries and Kazakhstan in trade, exports of Kazakh agricultural products, higher education, culture and sports.
The parties also discussed priorities on the Kazakh-European track, as well as cooperation of Central Asian countries with the institutions of the European Union.
In turn, the Secretary General of the OACPS noted the active role of Kazakhstan in the international arena, regional context, security issues and confirmed the readiness to further deepen cooperation.
Separately, the Secretary General expressed words of support and sympathy in connection with floods in the regions of Kazakhstan.
Kazakh diplomat invited Georges Rebelo to participate in the upcoming Astana International Forum, scheduled for 13-14 June 2024.
The Organisation of African, Caribbean and Pacific States was established in 1975, with headquarters in Brussels, with one of its main objectives being to coordinate economic relations between OACPS countries and the EU. Comprised of 79 Member States from Africa, the Caribbean and the Pacific.
This information may not be reproduced without reference to Kazakhstan Today. Copyright of materials of News Agency Kazakhstan Today.