About David Malpass
David Robert Malpass (born March 8, 1956) is an American economic analyst and former government official who served as President of the World Bank Group from 2019 to 2023. He previously served as Under Secretary of the Treasury for International Affairs under Donald Trump, having served as an economic advisor to Trump during the 2016 U.S. presidential election; Deputy Assistant Treasury Secretary under Ronald Reagan; and Deputy Assistant Secretary of State under George H. W. Bush. He was chief international economist at Bear Stearns from 1993 to 2002, and chief economist from 2002 to the firm's collapse in 2008. As of 2024, Malpass is Distinguished Fellow of International Finance at the Daniels School of Business at Purdue University. After Bear Stearns failed during the 2008 financial crisis, Malpass founded Encima Global. During his tenure, he led the World Bank in lending more than $150 billion in response to the COVID-19 pandemic, the Russian invasion of Ukraine, and rising food and energy prices. In 2024, Malpass became Distinguished Fellow of International Finance at the Daniels School of Business at Purdue University, and the inaugural Fellow of Global Business and Infrastructure at Purdue@DC.
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