Follow CGSP on Social Media

Listen to the CGSP Podcast

Malpass Resignation Could Spark New Battle Between U.S. and China Over His Replacement

by Eric Olander
File image of outgoing World Bank President David Malpass who will leave office one year ahead of schedule. Jim WATSON / AFP

World Bank President David Malpass said that he will step down in June, a year before his five-year term expires. Malpass did not provide a reason for his early resignation but speculation in U.S. media is that it’s due to his controversial stance on climate change.

The change in power at the top of the World Bank comes at a sensitive time for China and the ongoing battle over debt relief for developing countries.

Lead the Conversation on China

Subscribe Today to Get Full Access to The China-Global South Project

Check Out Everything You'll Get With Your Subscription

The China-Global South Daily Brief delivered to your inbox at 6AM Washington time

Full access to exclusive news and analysis from editors based in the Global South

Transcripts of CGSP’s twice-weekly podcasts

Students and teachers with a valid .edu email address are eligible for a 50% discount off monthly or yearly subscriptions. Email us to receive a discount code.

You Might Like

Sharply Contrasting Views on Whether China is Right to Demand Multilateral Development Banks to Take Losses on Their Loans

The dispute between China and Western lenders about how Multilateral Development Banks (MDBs) should take part in debt restructuring goes beyond current U.S.-China tensions. Rather, it relates to the fundamental question of how ...

Lots of Talk, Little Action: Zambia’s Debt Relief Process Remains Stalled Says Finance Minister

Zambia’s Finance Minister Situmbeko Musokotwane said it’s urgent that the country’s international creditors finalize a debt restructuring deal at once, or else a $188 million IMF emergency financial package could be at risk. ...

Hichilema Refutes Western Accusations China Was to Blame for Delays in Zambia’s Debt Restructuring

Zambian President Haikinde Hichilema rejected longstanding accusations by Western governments and institutions that China was to blame for how long it took to reach a debt restructuring agreement. The president told Bloomberg ...

What is The China-Global South Project?

Independent

The China-Global South Project is passionately independent, non-partisan and does not advocate for any country, company or culture.

News

A carefully curated selection of the day’s most important China-Global South stories. Updated 24 hours a day by human editors. No bots, no algorithms.

Analysis

Diverse, often unconventional insights from scholars, analysts, journalists and a variety of stakeholders in the China-Global South discourse.

Networking

A unique professional network of China-Africa scholars, analysts, journalists and other practioners from around the world.