Malpass, 66, whose five-year term was set to run through April 2024, informed the institution’s board of his intentions to depart by the end of the fiscal year on June 30, the Washington-based lender said in a statement on Wednesday.
He ran into controversy last year after fumbling a question at a conference on the causes of climate change, fueling calls for his removal amid criticism that he didn’t accept the scientific consensus of the impact of man-made emissions. “This will be a good opportunity for her to accelerate the bank’s work in implementing that vision,” said Mark Sobel, a former US Treasury official who also represented the US at the International Monetary Fund. “The timing is good for the Biden administration and certainly preferable from that standpoint rather than a drawn out, protracted situation.”
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