<span style="color: #222222;">World Bank chief David Malpass yesterday announced that he would step down from the post before his five-year term expires. Mr. Malpass was appointed to the role in 2019 and previously served as Under Secretary of the Treasury for international affairs in US Administration.<br />''</span><br />''According to media reports, in recent months, Malpass has come up against calls for his resignation or removal.<br />''<br />''Climate activists had called for Malpass to be ousted for what they said was an inadequate approach to the climate crisis.<br />''<br />''<span style="color: #222222;">Treasury Secretary Janet Yellen, in a statement, said that the US is looking forward to a swift nomination process for Malpass' successor.</span><br />