World Bank chief, a Trump appointee, 'deeply appalled' by storming of Capitol
Skip to main content
  • Home
  • Economy
  • Stocks
  • Analysis
  • World+Biz
  • Sports
  • Splash
  • Features
  • Videos
  • Long Read
  • Games
  • Epaper
  • More
    • COVID-19
    • Bangladesh
    • Infograph
    • Interviews
    • Offbeat
    • Thoughts
    • Podcast
    • Quiz
    • Tech
    • Subscribe
    • Archive
    • Trial By Trivia
    • Magazine
    • Supplement
  • বাংলা
The Business Standard
TUESDAY, MAY 17, 2022
TUESDAY, MAY 17, 2022
  • Home
  • Economy
  • Stocks
  • Analysis
  • World+Biz
  • Sports
  • Splash
  • Features
  • Videos
  • Long Read
  • Games
  • Epaper
  • More
    • COVID-19
    • Bangladesh
    • Infograph
    • Interviews
    • Offbeat
    • Thoughts
    • Podcast
    • Quiz
    • Tech
    • Subscribe
    • Archive
    • Trial By Trivia
    • Magazine
    • Supplement
  • বাংলা
World Bank chief, a Trump appointee, 'deeply appalled' by storming of Capitol

World+Biz

Reuters
09 January, 2021, 01:20 pm
Last modified: 09 January, 2021, 01:21 pm

Related News

  • World Bank’s Miga to help Bangladesh raise investment in infrastructure
  • World Bank to support BIWTA dredging 13 shipping routes
  • Musk says he prefers 'less divisive' candidate than Trump in 2024
  • Bangladesh’s remittance growth to remain flat in 2022: World Bank
  • World Bank assures of financial assistance for vaccine purchase: Minister

World Bank chief, a Trump appointee, 'deeply appalled' by storming of Capitol

World Bank President David Malpass was nominated by the Republican president for a five-year term at the helm of the multilateral development bank and approved by the bank’s board in April 2019

Reuters
09 January, 2021, 01:20 pm
Last modified: 09 January, 2021, 01:21 pm
File Photo: World Bank President David Malpass responds to a question from a reporter during an opening press conference at the IMF and World Bank's 2019 Annual Fall Meetings of finance ministers and bank governors, in Washington, US, October 17, 2019/ Reuters
File Photo: World Bank President David Malpass responds to a question from a reporter during an opening press conference at the IMF and World Bank's 2019 Annual Fall Meetings of finance ministers and bank governors, in Washington, US, October 17, 2019/ Reuters

World Bank President David Malpass, a former adviser to President Donald Trump, told his staff he was deeply appalled by the storming of the Capitol by Trump supporters on Wednesday, and had been concerned about developments for years.

Malpass, a former Bear Stearns and Co chief economist who advised Trump's 2016 election campaign, was nominated by the Republican president for a five-year term at the helm of the multilateral development bank and approved by the bank's board in April 2019.

In a letter sent Thursday and seen by Reuters, Malpass expressed deep concern about Wednesday's assault on the US Congress and assured staff the bank was working to ensure their security.

"Like many of you, I have been following the disturbing events in Washington, DC closely. It is hard to express the depth of concern about developments in recent years," Malpass said. "I was deeply appalled by what happened yesterday, and I spoke to the Board of Directors this morning."

Trump is under mounting pressure to resign two days after he urged supporters to fight the result of the Nov. 3 election that he lost and march on the US Capitol, shortly before hundreds of people broke into the seat of Congress as lawmakers were preparing to certify the election of Democrat Joe Biden as president.

Images of protesters breaking windows and scaling the walls of the Capitol triggered shock and dismay around the world, with many world leaders faulting Trump for helping foment the attack.

The World Bank often underscores the need for the rule of law and good governance in its work with developing countries.

Some 16,000 Washington-based staff at the World Bank and its sister organization, the International Finance Corp, have been working mostly remotely since March, the start of the pandemic lockdown.

Bank staff welcomed the message from Malpass, according to a source familiar with the matter. Malpass has been providing regular updates throughout the year, including during protests in Washington this summer after the killing of a Black man under the knee of a white police officer in Minneapolis.

 

World Bank President David Malpass / David Malpass / Donald Trump / World Bank Chief / World Bank / Capitol chaos / Capitol Hill Storming / Capitol seige / US Capitol Attack / US Capitol Hill / capitol hill

Comments

While most comments will be posted if they are on-topic and not abusive, moderation decisions are subjective. Published comments are readers’ own views and The Business Standard does not endorse any of the readers’ comments.

Top Stories

  • Are banks only gainers from dollar crisis?
    Are banks only gainers from dollar crisis?
  • PK Halder wants to return home
    PK Halder wants to return home
  • Exporters for continuation of 0.5% source tax for 5 years 
    Exporters for continuation of 0.5% source tax for 5 years 

MOST VIEWED

  • An employee takes granules of 99.99 percent pure gold at the Krastsvetmet non-ferrous metals plant, one of the world's largest producers in the precious metals industry, in the Siberian city of Krasnoyarsk, Russia November 22, 2018. REUTERS/Ilya Naymushin
    Russia gives Credit Bank of Moscow licence to export gold
  • Swedish and NATO flags are seen printed on paper this illustration taken April 13, 2022. REUTERS/Dado Ruvic/Illustration
    Denmark, Iceland and Norway 'strongly welcome' Finnish and Swedish decision to apply for NATO membership
  • Ukrainian President Volodymyr Zelenskiy addresses South Korean parliament via video link, as Russia's attack on Ukraine continues, in Kyiv, Ukraine April 11, 2022. Ukrainian Presidential Press Service/Handout via REUTERS
    Ukraine's president says he discussed need for financial support with IMF's Georgieva
  • An LNG tanker is guided by tug boats at the Cheniere Sabine Pass LNG export unit in Cameron Parish, Louisiana, U.S., April 14, 2022. REUTERS/Marcy de Luna
    Surging natural gas prices squeeze US industrial sector
  • NATO prepares to add Finland and Sweden to northern defenses
    NATO prepares to add Finland and Sweden to northern defenses
  • Newly-appointed French Prime Minister Jean Castex arrives to attend the weekly cabinet meeting at the Elysee Palace in Paris, France, July 7, 2020. Photo:Reuters
    French PM hands in resignation ahead of expected cabinet overhaul

Related News

  • World Bank’s Miga to help Bangladesh raise investment in infrastructure
  • World Bank to support BIWTA dredging 13 shipping routes
  • Musk says he prefers 'less divisive' candidate than Trump in 2024
  • Bangladesh’s remittance growth to remain flat in 2022: World Bank
  • World Bank assures of financial assistance for vaccine purchase: Minister

Features

Bitcoin, by far the largest cryptocurrency, is a terrible substitute for government-issued money. Photo: Reuters

Crypto’s wild week offers a much-needed warning

11h | Panorama
Karst Stone Paper Journal: Write on indestructible stone paper

Karst Stone Paper Journal: Write on indestructible stone paper

11h | Brands
Pesky bugs do not stand a chance against this automatic indoor insect trap

Pesky bugs do not stand a chance against this automatic indoor insect trap

12h | Brands
Wazeenah: Turning furniture into a canvas

Wazeenah: Turning furniture into a canvas

11h | Brands

More Videos from TBS

Finland, Sweden decide to join NATO

Finland, Sweden decide to join NATO

3h | Videos
Where you can swim for Tk5

Where you can swim for Tk5

4h | Videos
Cultural activists pay tribute to Hassan Arif

Cultural activists pay tribute to Hassan Arif

8h | Videos
How PK Halder becomes a scamster

How PK Halder becomes a scamster

8h | Videos

Most Read

1
Representative Photo: Pixabay.
Bangladesh

Microplastics found in 5 local sugar brands

2
Mushfiq Mobarak. Photo: Noor-A-Alam
Panorama

Meet the Yale professor who anchors his research in Bangladesh and scales up interventions globally

3
Impact of falling taka against US dollar
Banking

Taka losing more value as global currency market volatility persists

4
Govt tightens belt to relieve reserve
Economy

Govt tightens belt to relieve reserve

5
Union Capital asked to return Tk100cr FDR to BATBC 
Banking

Union Capital asked to return Tk100cr FDR to BATBC 

6
How Bangladesh can achieve edible oil self-sufficiency with local alternatives
Bazaar

How Bangladesh can achieve edible oil self-sufficiency with local alternatives

The Business Standard
Top
  • Home
  • Entertainment
  • Sports
  • About Us
  • Bangladesh
  • International
  • Privacy Policy
  • Comment Policy
  • Contact Us
  • Economy
  • Sitemap
  • RSS

Contact Us

The Business Standard

Main Office -4/A, Eskaton Garden, Dhaka- 1000

Phone: +8801847 416158 - 59

Send Opinion articles to - oped.tbs@gmail.com

For advertisement- sales@tbsnews.net

Copyright © 2022 THE BUSINESS STANDARD All rights reserved. Technical Partner: RSI Lab