David Malpass Surprises With Early Exit From World Bank

World Bank President David Malpass attends the Reuters NEXT Newsmaker event in New York on Dec. 1, 2022. Andrew Kelly/Reuters

WASHINGTON—World Bank President David Malpass on Wednesday said he would leave his post well before his term ends.

Malpass, appointed by former President Donald Trump, will depart the multilateral development bank, which provides billions of dollars a year in funding for developing economies, by the end of June. His five-year term was due to end in April 2024.