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As of Nov 2020, who is the President of the World Bank?
1. Shanta Devrajan
2. Kristalina Georgieva
3. Jim Yong Kim
4. David R. Malpass

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Correct Answer - Option 4 : David R. Malpass

The correct answer is David R. Malpass.

  • David R. Malpass:
    • He was selected as 13th President of the World Bank Group by its Board of Executive Directors on April 5, 2019. Hence, Option 4 is correct.
    • His five-year term began on April 9, 2019.
    • Mr Malpass previously served as Under Secretary of the Treasury for International Affairs for the United States. 
    • Mr Malpass represented the United States in international settings, including the G-7 and G-20 Deputy Finance Ministerial, World Bank–IMF Spring and Annual Meetings, and meetings of the Financial Stability Board, the Organization for Economic Cooperation and Development, and the Overseas Private Investment Corporation. 

  • World Bank Group
    • With 189 member countries, the World Bank Group is a unique global partnership: five institutions working for sustainable solutions that reduce poverty and build shared prosperity in developing countries.
    • Together, the International Bank for Reconstruction and Development (IBRD) and International Development Association (IDA) form the World Bank, which provides financing, policy advice, and technical assistance to governments of developing countries. While the World Bank Group consists of five development institutions.
    • International Bank for Reconstruction and Development (IBRD) provides loans, credits, and grants.
    • International Development Association (IDA) provides low- or no-interest loans to low-income countries.
    • The International Finance Corporation (IFC) provides investment, advice, and asset management to companies and governments.
    • The Multilateral Guarantee Agency (MIGA) insures lenders and investors against political risk such as war.
    • The International Centre for the Settlement of Investment Disputes (ICSID) settles investment disputes between investors and countries.
    • All of these efforts support the Bank Group’s twin goals of ending extreme poverty by 2030 and boosting shared prosperity of the poorest 40% of the population in all countries.

Shanta Devarajan
  • He is Senior Director for Development Economics and a former Acting Chief Economist of the World Bank Group. 
Kristalina Ivanova Georgieva-Kinova
  • She is a Bulgarian economist serving as Chairman and Managing Director of the International Monetary Fund since 2019.
Jim Yong Kim
  • Jim Yong Kim is, also known as Kim Yong, an American physician and anthropologist who served as the 12th President of the World Bank from 2012 to 2019.
  • On January 7, 2019, he announced that he would step down effective February 1, 2019.

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