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Pelosi Statement on Nomination of David Malpass as World Bank President

February 7, 2019

Washington, D.C. – Speaker Nancy Pelosi issued the following statement after President Trump nominated U.S. Treasury Under Secretary David Malpass to succeed Dr. Jim Yong Kim as President of the World Bank:

“For nearly eight decades, America’s leadership of the World Bank has been instrumental in reducing world poverty and in advancing global economic development.  President Trump had an opportunity to nominate a forward-looking, innovative and creative leader committed to reducing poverty, combating the climate crisis, confronting income disparity and safeguarding human rights and the rights of workers, indigenous peoples and the LGBTQ community.  Yet, he squandered that opportunity.

“In nominating David Malpass to lead the World Bank, the President has regrettably chosen someone whose questionable commitment to its core values threatens to undermine the institution’s mission and America’s preeminent leadership role in advancing that mission.

“If the board elects David Malpass as president, he must commit to preserving and strengthening the Bank’s multilateral character, exceeding its current commitments to tackle the climate crisis, ensuring robust transparency and accountability, and protecting the social and human rights of communities directly affected by the Bank’s development lending.  Anything less would be a failure of American leadership.”