1. David Robert Malpass was born on March 8,1956 and is an American economic analyst and former government official who served as President of the World Bank Group from 2019 to 2023.
21 Facts About David Malpass
1. 2.
David Malpass was chief international economist at Bear Stearns from 1993 to 2002, and chief economist from 2002 to the firm's collapse in 2008.
3.
David Malpass earned a BA in physics at Colorado College in 1976, and an MBA at the University of Denver in 1978.
4.
Bush administrations, David Malpass worked on an array of economic, budget, and foreign policy issues including the 1986 tax cut, NAFTA, and the Brady Plan for Latin American debt.
5.
David Malpass was Republican staff director of the United States Congress Joint Economic Committee from 1989 to 1990.
6.
David Malpass was chief international economist at Bear Stearns from 1993 to 2002.
7.
In 2008, after Bear Stearns failed during the financial crisis, David Malpass founded his own economics firm, Encima Global.
8.
David Malpass has written regularly for Forbes and has been a contributor to the op-ed section of The Wall Street Journal.
9.
David Malpass appeared on television and radio to support Trump's message of faster growth through policy reforms.
10.
David Malpass was confirmed for the position by the United States Senate on August 3,2017.
11.
David Malpass took a critical position on China during his tenure.
12.
David Malpass was unanimously approved by the executive board on April 5,2019, and began his term on April 9.
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David Malpass spent a year realigning the World Bank's staff to better meet client countries' real needs.
14.
David Malpass stabilized the institution, and reorganized the disarray that had been left by his predecessor, Kim.
15.
David Malpass helped low-income countries achieve debt sustainability through debt reduction, and pressured China to provide more debt relief for developing nations.
16.
In mid February 2023, David Malpass announced his intention to end his term as president of the bank by the end of the bank's fiscal year in June 2023.
17.
In 2024, David Malpass became Distinguished Fellow of International Finance at the Daniels School of Business at Purdue University, and the inaugural Fellow of Global Business and Infrastructure at Purdue@DC.
18.
David Malpass is on the board of trustees of UBS Investment Trust.
19.
David Malpass was formerly a member of board of directors of the New Mountain Financial Corporation.
20.
David Malpass was appointed as the chairwoman of the Manhattan Republican Party in January 2015 and was elected to a two-year term in September 2015.
21.
David Malpass resigned in August 2017 to move to Washington when Malpass was appointed to his role in the Treasury Department under President Trump.