Announcing his decision on Wednesday, Malpass stated thus:
“It has been an enormous honor and privilege to serve as President of the world’s premier development institution alongside so many talented and exceptional people.
“With developing countries facing unprecedented crises, I’m proud that the Bank Group has responded with speed, scale, innovation, and impact. The last four years have been some of the most meaningful of my career. Having made much progress, and after a good deal of thought, I’ve decided to pursue new challenges.
