The new President of the World Bank in April 2019 was David Malpass.

David Malpass was selected as the new President of the World Bank in April 2019. He succeeded Jim Yong Kim, who stepped down from the position in February 2019. Malpass was nominated by the United States and was the only candidate for the position.

Background and Qualifications:

- David Malpass has an extensive background in economics and international finance. He served as the Under Secretary of the Treasury for International Affairs for the United States from 2017 to 2019.
- Prior to his role at the Treasury, Malpass worked as the Chief Economist for Bear Stearns, a global investment bank. He also held various positions in the U.S. government, including Deputy Assistant Secretary of the Treasury for Developing Nations and Deputy Assistant Secretary of State for Latin American Economic Affairs.
- Malpass holds a Bachelor's degree in physics from Colorado College and a Master's degree in international economics from Georgetown University.

Selection Process:

- The World Bank is an international financial institution that provides loans and grants to the governments of poorer countries for the purpose of pursuing capital projects.
- The selection of the World Bank President is traditionally made by the largest shareholder, which is the United States. However, in recent years, there have been calls for a more open and transparent selection process.
- The nomination of David Malpass as the new President of the World Bank was met with some controversy, as critics argued that he lacked the necessary experience and qualifications for the role. However, supporters pointed to his extensive background in economics and his understanding of international finance.

Responsibilities:

- As President of the World Bank, David Malpass is responsible for leading the institution and overseeing its operations. He works with member countries to develop strategies and policies that promote economic growth and reduce poverty.
- The World Bank provides financial and technical assistance to developing countries, with a focus on areas such as infrastructure development, education, health, and climate change mitigation.
- Malpass is also responsible for representing the World Bank at international conferences and forums, and for building relationships with other multilateral institutions, governments, and civil society organizations.

Overall, David Malpass's appointment as the new President of the World Bank in April 2019 was a result of the nomination by the United States and his qualifications and experience in economics and international finance. His role as President involves leading the institution, developing strategies for economic growth and poverty reduction, and representing the World Bank on the global stage.