David Malpass

David Malpass

Formal First Name
3/8/1956 - present

David Malpass is the 13th President of the World Bank Group. He has represented the United States in international settings, including the G-7 and G-20 Deputy Finance Ministerial, World BankIMF Spring and Annual Meetings. Before joining the U.S. Treasury, Malpass was an international economist and founder of Encima Global, a macroeconomics research firm. Malpass also served as chief economist of Bear Stearns and conducted financial analyses of countries around the world. He is the author of numerous articles on economic development.

Professional Experience

Academic History

  • He previously served as Under Secretary of the Treasury for International Affairs for the United States.  
  • In 2018, Mr. Malpass advocated for the capital increase for the IBRD and IFC as part of a reform agenda featuring sustainable lending practices, more efficient use of capital, and a focus on raising living standards in poor countries.  
  • He was also instrumental in advancing the Debt Transparency Initiative, adopted by the Bank Group and the IMF, to increase public disclosure of Debt and thereby reduce the frequency and severity of Debt crises.       
  • He also served as Senior Analyst for Taxes and Trade at the U.S. Senate Budget Committee and as Staff Director of the Joint Economic Committee of the U.S. Congress.
  • Malpass has served on the boards of the Council of the Americas, Economic Club of New York, National CommitteEcon the U.S.
  • He was a CPA and undertook advanced graduate work in international economics at the School of Foreign Service at Georgetown University.
  • He has studied Spanish, Russian, and French. 
  • As the Deputy Assistant Secretary of State for Latin American Economic Affairs, he focused on an array of foreign policy and development issues:
    • U.S. involvement in multilateral institutions;
    • the Bank Group’s 1988 capital increase, which supported the creation of the Bank’s environment division;
    • the Enterprise for America’s Initiative; and
    • Brady bonds to address the Latin American debt crisis