Congressman Cleaver Expresses Concern About Nomination of David Malpass to Lead World Bank
(Washington, D.C.) - Today, Congressman Emanuel Cleaver, II (D-MO), Chair of the House Financial Services Subcommittee on National Security, International Development, and Monetary Policy, issued the following statement on President Trump’s nomination of David Malpass, Under Secretary of the Treasury for International Affairs, to serve as President of the World Bank.
“The nomination of David Malpass as the next World Bank President should have every American deeply concerned,” said Chairman Cleaver. “His strong criticism of global organizations and disdain for multilateral institutions are antithetical to the mission of the organization of which he has been asked to lead. For nearly eighty years the World Bank—guided by American leadership—has led a development of the global economy unmatched in human history. The Bank has played a pivotal role in the reduction of global poverty, protection of workers, and fight to close the enormous income inequality gap. If Mr. Malpass cannot commit to advancing this agenda and supporting the core mission of the World Bank, then the board should reject his nomination,” said Congressman Cleaver.
The newly-created Subcommittee on National Security, International Development, and Monetary Policy, of which Congressman Cleaver was recently elected Chair, has broad jurisdiction over international and domestic financial policy. In addition, the subcommittee is also responsible for conducting oversight of U.S. participation in the multilateral development banks, including the World Bank.
Congressman Cleaver and Financial Services Committee Democrats have consistently pushed for strong leadership at the World Bank and insisted on more transparency and disclosure of information. As a result, Committee Democrats have continuously played an active role in helping to shape the development policies that have helped make the World Bank the preeminent development institution that it has become.
Emanuel Cleaver, II is the U.S. Representative for Missouri’s Fifth Congressional District, which includes Kansas City, Independence, Lee’s Summit, Raytown, Grandview, Sugar Creek, Blue Springs, Grain Valley, Oak Grove, North Kansas City, Gladstone, Claycomo, and all of Ray, Lafayette, and Saline Counties. He is a member of the exclusive House Financial Services Committee, the Ranking Member of the Subcommittee on Housing and Insurance, and also a Senior Whip of the Democratic Caucus. For more information, please contact Heather Frierson at 816-842-4545 or Heather.Frierson@mail.house.gov A high-resolution photo of Congressman Cleaver is available here.