How does the World Bank work?
The new boss has been a stern critic
ON APRIL 5th the World Bank appointed a new boss: David Malpass, a former economic adviser to President Donald Trump and senior official in the Treasury Department. The bank, as always, accepted America’s nominee for its top post. And this time, it had no choice: the institution’s other members were not prepared to sponsor a rival candidate. In his previous role, Mr Malpass made it clear he is not a fan of everything the bank does. But what does it do, exactly?
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