WASHINGTON, April 26 (CABNC-TV) – More than 40 world leaders, including Christine Madeleine Lagarde chairwoman and managing director of the International Monetary Fund are participating in China’s second Belt and Road infrastructure summit, but Mr. David Malpass, World Bank’s new president is not among them.
Mr. David Malpass, who was a senior Trump Administration official at the U.S. Treasury Department, choose to make his first foreign trip as the World Bank’s leader to sub-Saharan Africa. During the just concluded World Bank/IMF annual meeting, Mr. Malpass argues that by 2030 nearly 9 in 10 extremely poor people will be Africans, his visits to Africa to highlight vision for the bank’s poverty reduction and development agenda (Reported by World Bank).
The World Bank Group in a press release stated that, Mr. Malpass will visit Madagascar, Ethiopia and Mozambique April 29-May 3, he is scheduled to meet with stakeholders, and leaders across Africa continent.
World Bank Chief Executive Officer Kristalina Georgieva, who had been acting president during the leadership selection process, is representing the institution at the summit and had accepted China’s invitation before Malpass started at the bank on April 9, a World Bank spokesman said.
Mozambique President Filipe Nyusi and Ethiopian counterpart Abiy Ahmed, Prime minister of Ethiopia are among a number of African leaders in Beijing attending the second Belt and Road infrastructure summit2019.
(Adds details from World Bank statement on Malpass trip, paragraphs 3, 11-13)
Reporting by: AbdulRasheed Abubakar
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