David Malpass

David Malpass is an American economist and government official who has served as the President of the World Bank since 2019. He was previously the Under Secretary of the Treasury for International Affairs under President Donald Trump and has worked at Bear Stearns and Encima Global. Malpass has also been involved with various organizations, including the Council on Foreign Relations and the Heritage Foundation. His work has been influenced by economists such as Milton Friedman and Thomas Sowell.

● Early Life and Education

David Malpass was born on March 8, 1956, and grew up in Indiana. He attended Colorado College and later earned an MBA from the University of Denver. During his time at Colorado College, he was influenced by the works of Friedrich Hayek and Ludwig von Mises. Malpass's early interests in economics were shaped by his studies of Adam Smith and John Maynard Keynes. He also developed an interest in international relations and global development, which would later become a focus of his career.

● Career

Malpass began his career in the 1980s, working at Bear Stearns and later at Encima Global, a firm he co-founded. He also worked as a Chief Economist at Bear Stearns and was a frequent commentator on CNBC and Bloomberg Television. In the 1990s, Malpass was involved in various Republican campaigns, including those of George H.W. Bush and Bob Dole. He also worked with the United States Department of State and the United States Department of the Treasury under President George W. Bush. Malpass's work has been influenced by thinkers such as Alan Greenspan and Ben Bernanke.

● World Bank Presidency

In 2019, Malpass was nominated by President Donald Trump to serve as the President of the World Bank, succeeding Jim Yong Kim. He was confirmed by the United States Senate and took office on April 9, 2019. As President of the World Bank, Malpass has worked to promote global development and poverty reduction, particularly in countries such as China, India, and Brazil. He has also emphasized the importance of private sector investment and free trade in achieving these goals, citing the examples of Singapore and South Korea. Malpass has worked with leaders such as António Guterres and Christine Lagarde to address global challenges.

● Economic Views and Policies

Malpass's economic views have been shaped by his studies of Austrian School economists such as Friedrich Hayek and Ludwig von Mises. He has been a strong advocate for free market policies and has criticized government intervention in the economy, citing the examples of Venezuela and Greece. Malpass has also emphasized the importance of fiscal discipline and monetary policy in promoting economic growth, citing the work of Milton Friedman and the Federal Reserve System. He has worked with economists such as Greg Mankiw and Glenn Hubbard to develop policies that promote economic growth and job creation.

● Personal Life

Malpass is married to Adrian Malpass and has four children. He is a resident of New York City and has been involved in various charitable organizations, including the Catholic Charities USA and the American Red Cross. Malpass has also been a member of the Knights of Columbus and has worked with organizations such as the Cato Institute and the American Enterprise Institute. His work has been recognized by awards such as the Alexander Hamilton Award and the Treasury Medal. Malpass has also been influenced by the work of Pope John Paul II and the Catholic Church's teachings on social justice and economic development.