The Latest Breaking News from David Malpass

Former Mastercard CEO Ajay Banga, an Indian army officer’s son with decades of corporate experience, has been confirmed to lead the World Bank for a five-year term that starts next month

He replaces Malpass, who was criticised for his stance on climate change and will step down nearly a year early.

Exclusive: Leaked recording raises concerns over governance at development bank, at which David Malpass is now president

Ukrainian President Volodymyr Zelensky on Wednesday denounced Russian "beasts" after a video surfaced on social media purporting to show the decapitation of a Ukrainian prisoner of war. The grisly footage, which prompted outrage and condemnation from UN and EU officials, came as Washington reaffirmed its confidence in Ukraine's military "capability"…

International Monetary Fund forecasts UK GDP will shrink by 0.3% in 2023, worse than other G7 countries

Finance ministers and central bank governors are meeting at the IMF to discuss challenges facing global economy.

Russia's detention of Wall Street Journal reporter Evan Gershkovich is a "brazen act" and violates the vital freedom of the press, including the safety of journalists, World Bank President David Malpass said on Monday.

The World Bank's ongoing reform could result in a $50 billion lending boost over the next decade, US Treasury Secretary Janet Yellen told AFP ahead of stakeholders' meetings next week where key changes are expected to be announced. Central bankers, finance ministers and participants from more than 180 member countries…

October saw the UK chancellor in the dock. Now the US’s Yellen will face flak over green subsidies and banking security