World Bank hopes to select new chief by May

The World Bank said Wednesday it hopes to find a new chief by early May as chief David Malpass has announced about his resignation.

The Washington lender will begin accepting candidate nominations on February 23 and will run until March 29. The bank says women candidates are "strongly" encouraged.

A shortlist of three candidates will then be issued, with the expectation of selecting the new president by early May 2023."

The 66-year-old Malpass, was appointed in 2019 when Donald Trump was president after previously serving as Under Secretary of the Treasury for international affairs.

A week ago, he made a surprise announcement that he would leave his post nearly a year before his term was due to expire in 2024.