US President Donald Trump has elected to nominate undersecretary of treasury for international affairs David Malpass to be the next president of the World Bank. Malpass is an outspoken critic of the World Bank and other international organisations and his nomination has drawn criticism from the global development community, with former Liberian minister for public works W. Gyude Moore saying of the nomination ‘an incorrigible arsonist will now be our fire chief’. Malpass’s candidacy has drawn calls for the Bank’s shareholders to take the unprecedented step of blocking the nomination. While technically any candidate nominated for the role can be the Bank’s president should they receive the majority of votes from the Bank’s shareholders, traditionally the US’s nominee has always been chosen.
Observers believe President Trump’s nomination of long-standing World Bank critic David Malpass to be the organisation’s next president could lead to a major shift in the Bank’s relationship with China. Malpass has voiced objections to the ‘size, intrusiveness and entrenched interests’ within both the World Bank and other multilateral banks in the past, and has been very critical of the fact that an institution meant to promote development and alleviate poverty continues to lend to China, the world’s second largest economy.
As World Bank President Jim Yong Kim steps down, former colleagues, staff and experts give their assessments of his tenure at the helm of the institution.
A new report from the One Campaign has criticised the UK Government for failing to do enough with its aid budget to reduce poverty in the world’s poorest countries. While the UK’s development aid agency the Department for International Development scores highly in the report for poverty focus, effectiveness and transparency, the report rated the transparency and effectiveness of the 30% of the UK’s aid budget spent by other departments much lower, with only 5% of the £765 Million spent by the business, energy, and industrial strategy department and 16% of the £1.05 Billion spent by the Foreign Office going to the countries that needed it most according to the group’s new Real Aid Index.
Agence Française de Développement, France’s development agency, is in talks with the Association of Southeast Asian Nations (ASEAN) and Ayeyawady-Chao Phraya-Mekong Economic Cooperation Strategy (ACMECS) to boost France’s development role in Thailand and Southeast Asia and lay the groundwork for cooperation in the next few years.
UNEP Acting Executive Director Joyce Msuya has told reporters the EU needs to revise its 2030 CO2 reduction target from 40% to 55% if it is to keep global temperatures from rising above 1.5°C.
The Global Alliance for Improved Nutrition (GAIN) has announced Catherine Bertini as the new Chair of its board. Bertini has been appointed to senior positions by three UN Secretary General and five US Presidents amd was awarded the 2003 World Food Prize Laureate for her in recognition of her leadership of the World Food Programme (WFP).
The Global Fund for Women has Latanya Mapp Frett will be the Fund’s next President and CEO, succeeding Dr. Musimbi Kanyoro who is retiring June 30, 2019. Mapp Frett is currently the Executive Director of Planned Parenthood Global and has worked for UNICEF and USAID in the past.
The billionaire philanthropists Laura and John Arnold have announced they are restructuring their charitable foundation the Arnold Foundation to fold it into a new limited-liability corporation (LLC), Arnold Ventures. The move has been met with mixed feelings by observers as, though LLCs have more flexibility over how they use their funds potentially freeing the Arnold’s to have greater impact on issues they care about, LLCs face fewer requirements for transparency and spending than foundations, raising questions about accountability.
- GuideStar and the Foundation Center are merging to form the definitive nonprofit transparency organization
GuideStar and Foundation Center, two of the largest information sharing organisations in the nonprofit sector, are to join together to form a new nonprofit transparency organisation called Candid.
Amnesty International is the latest NGO facing questions about its ‘toxic’ working environment following the release of a review into the organisation’s workplace culture commissioned after two staff members killed themselves last year. The report describes widespread bullying, public humiliation, discrimination, and other abuses of power, with a severe lack of trust senior management among staff.
Prince Charles has unveiled a new USD $100 Million fund that will channel bond investor’s money to improve access to education, jobs and entrepreneurial opportunities for girls and women in South Asia. The British Asian Trust will act as de facto investment banker for the project, raising capital, serving as project manager and bringing together stakeholders to implement the project.