World Bank Hopes to Select New Chief by May

The World Bank. (Asharq Al-Awsat Arabic)
The World Bank. (Asharq Al-Awsat Arabic)
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World Bank Hopes to Select New Chief by May

The World Bank. (Asharq Al-Awsat Arabic)
The World Bank. (Asharq Al-Awsat Arabic)

The World Bank said Wednesday it hopes to find a successor by early May to chief David Malpass, who has announced he will step down nearly a year early.

The Washington-based development lender will begin accepting candidate nominations on Thursday, a process that will run until March 29. The bank says women candidates would be "strongly" encouraged, reported AFP.

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

By informal agreement, not cited in the statement, the president of the World Bank is typically an American, while the head of the International Monetary Fund is customarily a European.

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.

His tenure at the World Bank saw the organization grapple with global crises such as the Covid-19 pandemic, the Russian invasion of Ukraine and an international economic slowdown.

In recent months, Malpass has faced calls for his resignation or removal, with environmental activists accusing him of climate change denialism.

Last September at a forum, Malpass declined to say if he believed fossil fuels were driving climate change, drawing sharp condemnation from the White House.

Malpass later told CNN that he was not a climate change denier and that human-generated emissions were "clearly" contributing to warming.



UN Nuclear Chief in Tehran ahead of Fresh Iran-US Talks

IAEA Director General Rafael Grossi speaks during a press conference on the opening day of his agency's quarterly Board of Governors meeting in Vienna, Austria, March 3, 2025. REUTERS/Elisabeth Mandl
IAEA Director General Rafael Grossi speaks during a press conference on the opening day of his agency's quarterly Board of Governors meeting in Vienna, Austria, March 3, 2025. REUTERS/Elisabeth Mandl
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UN Nuclear Chief in Tehran ahead of Fresh Iran-US Talks

IAEA Director General Rafael Grossi speaks during a press conference on the opening day of his agency's quarterly Board of Governors meeting in Vienna, Austria, March 3, 2025. REUTERS/Elisabeth Mandl
IAEA Director General Rafael Grossi speaks during a press conference on the opening day of his agency's quarterly Board of Governors meeting in Vienna, Austria, March 3, 2025. REUTERS/Elisabeth Mandl

UN nuclear watchdog chief Rafael Grossi met the head of Iran's atomic energy agency, Mohammad Eslami, on Thursday ahead of a fresh round of nuclear talks between Tehran and Washington.

Iranian and US delegations are to gather in Rome on Saturday for a second round of Omani-mediated negotiations, a week after the longtime foes held their highest-level talks since US President Donald Trump abandoned a landmark nuclear accord in 2018, AFP said.

There were no immediate details on Grossi's meeting with Eslami, but Iran's reformist Shargh newspaper described his visit as "strategically significant at the current juncture".

On Wednesday, Grossi met with Foreign Minister Abbas Araghchi, who led the first round of talks with US Special Envoy Steve Witkoff on Saturday.

Araghchi said he had had a "useful" meeting with the International Atomic Energy Agency chief.

"The IAEA can play a crucial role in peaceful settlement of the Iranian nuclear file in the coming months," he said.

Araghchi called on the IAEA chief to "keep the agency away from politics" in the face of "spoilers" seeking to "derail current negotiations". He did not elaborate.

Grossi said their meeting was "important".

"Cooperation with IAEA is indispensable to provide credible assurances about the peaceful nature of Iran's nuclear program at a time when diplomacy is urgently needed," he said on X.

'Not far' from possessing bomb

Before heading to Iran, Grossi told French newspaper Le Monde that Tehran was "not far" from possessing a nuclear bomb.

Western governments have long accused Iran of seeking to acquire a nuclear weapons capability, an ambition Tehran has consistently denied.

A year after Trump pulled out of the 2015 nuclear deal, Iran began rolling back its own commitments under the agreement, which gave it relief from sanctions in return for IAEA-monitored restrictions on its nuclear activities.

In its latest report, the IAEA said Iran had an estimated 274.8 kilograms (605 pounds) of uranium enriched to up to 60 percent.

That level far exceeds the 3.67 percent enrichment ceiling set by the 2015 deal, but still falls short of the 90 percent threshold required for a nuclear warhead.

Since he returned to office in January, Trump has revived his "maximum pressure" policy of punishing economic sanctions against Iran.

In March, he sent a letter to Iran's supreme leader Ali Khamenei urging talks and warning of possible military action if Iran refused.

On Thursday, the New York Times reported that Trump had blocked an Israeli plan to strike Iranian nuclear facilities in favor of seeking a negotiated deal.

'Conflicting positions'

On Tuesday, Khamenei cautioned that while the talks with the United States had started well, they could yet prove fruitless.

"The negotiations may or may not yield results," he said.

On Wednesday, Araghchi said Iran's enrichment of uranium was not up for discussion after Witkoff called for a halt.

Witkoff had previously demanded only that Iran return to the 3.67 percent enrichment ceiling set by the 2015 deal.

Araghchi said he hoped to start negotiations on the framework of a possible agreement, but that this required "constructive positions" from the United States.

"If we continue to (hear) contradictory and conflicting positions, we are going to have problems," he warned.

On Thursday, Iran's top diplomat headed to Moscow on a "pre-planned" visit to the Tehran ally.

The Kremlin said that Russia stood ready to do "everything" in its power to help resolve the standoff over Iran's nuclear program.