The new boss of the World Bank, David Malpass, wants to help the poorest countries in the coming years. He is also looking forward to a “constructive relationship” with China. That’s what the American said at the first press conference in his new role.
The appointment of Malpass recently caused a great deal of commotion. The 63-year-old economist and former US Deputy Minister is known as a loyal supporter of President Donald Trump. He would also have a hard line towards China.
On Thursday, Malpass sketched a picture of the future in which China will change from a country that borrows a lot from the World Bank, to a country that lends less and at the same time gives to other countries. He emphasized that this had already been agreed with the World Bank last year. Malpass also said that the poorest countries are currently hit hardest by the global cooling of the economy. Helping those countries is therefore a priority.