former president of the World Bank and one of the world’s most experienced economic leaders Malpass will serve as the Distinguished Fellow of International Finance at the Mitchell E School of Business and as the Inaugural Fellow of Global Business and Infrastructure at Purdue@DC He will split his Purdue engagements between Washington and Purdue’s campuses in West Lafayette and Indianapolis Malpass is an esteemed international economist who most recently served as president of the World Bank Group from April 2019 to June 2023 his public service has ranged from deputy assistant secretary of the treasury and deputy assistant secretary of state to undersecretary of the treasury for international affairs Malpass has also been a leading economist on Wall Street for many years He served on corporate and nonprofit boards including those for the Manhattan Institute the Council of the Americas and the Economic Club of New York.“As president of the World Bank David Malpass has been a truly impactful leader of international finance especially his leadership during the major disruptions to the global economy from the COVID-19 pandemic and the sharp increases in inflation and interest rates,” Purdue University President Mung Chiang said “His joining the Daniels School of Business is another transformative growth of talent at Purdue University that will provide many exciting opportunities for many of our students and for Purdue@DC.”  Malpass focused on helping countries improve their finances and economic policies to enable faster growth and job creation He advocated increased transparency in global contracts currency reforms and active steps to build stronger markets and private sectors to improve living standards the World Bank used strong growth in its funding and country engagement to commit over $450 billion in loans and grants a 40% increase to meet multiple global crises Malpass was praised for supporting developing countries’ recovery efforts and leading global efforts to address severe setbacks in health His recent writings have highlighted the risks to the global economy from fiscal His role at Purdue will include lectures; faculty research conversations; thought leadership events important to the Daniels School and the university; and meetings with students alumni and university community members and partners as well as writing and speaking on markets and global economic leadership “It’s outstanding for Purdue to hire this brilliant leader,” said Jim Bullard Allen Dean of the Daniels School since August 2023 and former president and chief operating officer of the Federal Reserve Bank of St “He is well respected in the business world and was a steadfast leader at the World Bank creating solutions for some of the world’s most pressing issues His insights and contributions will be relevant and timely to our faculty and his presence will only add to the momentum that the Daniels School is building.” “I’m very pleased to be affiliated with Purdue University its innovative leaders and the business school that builds on Mitch Daniels’ contributions to educational excellence,” Malpass said “I look forward to sharing my public and private sector experiences to strengthen business leadership and am happy to become part of Purdue’s mission of being a leader in business education.” He earned his undergraduate degree in physics from Colorado College and his MBA from the University of Denver as a Boettcher Foundation scholar. He was a CPA and studied international economics as a midcareer fellow at Georgetown University’s School of Foreign Service.  University breaks ground on new Daniels School of Business building Purdue launches online version of its groundbreaking Master of Business and Technology degree Restructuring announcement launches Daniels School of Business into transformative future Dean updates trustees on Daniels School of Business; board approves department restructuring Malpass was the 13th President of the World Bank Group Malpass focused on seeking stronger policies to increase economic growth the Bank Group responded quickly to global crises mobilizing a record $440 billion in response to the COVID-19 pandemic The Bank Group also more than doubled its climate finance to developing countries during Mr Prior to his appointment at the World Bank Group Malpass served as Under Secretary of the Treasury for International Affairs for the United States Malpass represented the United States in international settings including the G-7 and G-20 Deputy Finance Ministerial and meetings of the Financial Stability Board the Organization for Economic Cooperation and Development and the Overseas Private Investment Corporation Malpass advocated for the capital increase for the IBRD and IFC as part of a reform agenda featuring sustainable lending practices and a focus on raising living standards in poor countries He was also instrumental in advancing the Debt Transparency Initiative to increase public disclosure of debt and thereby reduce the frequency and severity of debt crises Malpass was an international economist and founder of a macroeconomics research firm based in New York City He served as chief economist of Bear Stearns and conducted financial analyses of countries around the world Deputy Assistant Secretary of the Treasury for Developing Nations and Deputy Assistant Secretary of State for Latin American Economic Affairs He focused on an array of foreign policy and development issues involvement in multilateral institutions; the Bank Group’s 1988 capital increase which supported the creation of the Bank’s environment division; the Enterprise for the America’s Initiative; and Brady bonds to address the Latin American debt crisis He also served as Senior Analyst for Taxes and Trade at the U.S and as Staff Director of the Joint Economic Committee of the U.S Malpass has served on the boards of the Council of the Americas National Committee on U.S.–China Relations He is the author of numerous articles on economic development Malpass earned his bachelor’s degree from Colorado College and his MBA from the University of Denver He was a CPA and undertook advanced graduate work in international economics at the School of Foreign Service at Georgetown University and has studied Spanish They have four children and share a strong family interest in development issues has issued a warning about the situation along the Dominican Republic’s border with Haiti emphasizing the need for increased vigilance and decisive action by the country’s military authorities Gómez Ramírez cautioned that “the military authorities of our country must not become complacent and underestimate the risk posed by the violent proximity of Haitian criminal gangs to the border.” His remarks follow growing concerns after reports surfaced that the armed group 400 Mawozo attacked and seized control of an annex at the Malpasse customs post located on the border with Jimaní in the Independencia province “This incident alone should trigger heightened alerts among our military commanders,” Gómez Ramírez stressed He also recalled that Haitian Prime Minister Garry Conille had urgently called […] Local August 8 He also recalled that Haitian Prime Minister Garry Conille had urgently called on his country’s security forces to confront these armed gangs The recent mobilization of thousands of Haitians following the attack on the town of Ganthier has further underscored the need to intensify border surveillance Gómez Ramírez highlighted the importance of keeping the public informed and ensuring that military authorities remain fully aware of the situation He also urged immigration authorities to continue strictly enforcing immigration laws and called for an increased budget for the agency to support intensified repatriation efforts in response to the high number of undocumented Haitians Δdocument.getElementById( "ak_js_1" ).setAttribute( "value" Δdocument.getElementById( "ak_js_2" ).setAttribute( "value" Economy North Coast Bavaro & Punta Cana Local DominicanToday.com - The Dominican Republic News Source in English University of Notre Dame Notre Dame News University of Notre Dame President Rev. John I. Jenkins, C.S.C., today announced the retirement of Scott C. Malpass after 32 years as the University’s chief investment officer Malpass was responsible for investment of the University's endowment and other assets totaling $14 billion the contribution of the endowment to Notre Dame’s mission is difficult to overstate,” Father Jenkins said but about providing financial aid to deserving students the hiring of superb faculty and supporting the University’s service to the Church and the world.” Notre Dame’s endowment grew to $12.5 billion as of June 30 with endowment spending increasing to $425.7 million from $19.5 million over the same period The endowment supports scholarship and research athletics and fully one-third of all student financial aid  “The University’s average annual endowment returns over the past 30 years have ranked among the best in higher education and beyond,” Executive Vice President Shannon Cullinan said I believe Scott’s greatest gift to Notre Dame is the outstanding investment team he has assembled to ensure future generations of students faculty and staff will benefit from the exceptional stewardship of our endowment.” “It's been an honor to serve my alma mater has been able to realize magnificent aspirations that we could only dream of decades prior,” Malpass said by the financial genius and devotion to Notre Dame of the investment team that I was privileged to assemble over the years.” a 23-year veteran of the Notre Dame Investment Office “Mike’s talent as an investment manager is surpassed only by his humility leadership and commitment to Notre Dame’s mission,” Cullinan said “He has led our private equity investments since 1997 and delivered impressive returns for that portion of our portfolio I have complete confidence in Mike and the investment team.” “I am honored to have the opportunity to lead a wonderful team that is deeply committed to continuing to manage the University’s assets in a splendid manner,” Donovan said Institutional Investor Magazine named Malpass its Large Endowment Manager of the Year In bestowing its lifetime achievement award on Malpass in 2014 Chief Investment Officer Magazine praised him as “an investor (who) grew alongside the endowment both becoming among the most respected in the institutional universe.” The Wall Street Journal once described investing by Malpass Malpass was one of 12 of America’s leading chief investment officers profiled in the book “Foundation and Endowment Investing: Philosophies and Strategies of Top Investors and Institutions.” Malpass is a 1984 Notre Dame graduate and received a master of business administration (MBA) degree from the University in 1986 He returned in 1988 from the Wall Street firm Irving Trust Company and became chief investment officer the following year Malpass also served as a concurrent assistant professor of finance in the Mendoza College of Business at Notre Dame he helped develop the applied investment management course in the college for outstanding students in finance that has received extensive interest from financial services firms throughout the country Donovan has been crucial in executing investment strategies behind the University’s success and careful stewardship He helped recruit and mold a team of Notre Dame graduates who have won plaudits from the nation’s leading financial publications for their outstanding decision-making and distinctive dedication to their alma mater Donovan has spent 23 years as a member of the team that manages Notre Dame’s endowment he co-founded a successful educational products company and practiced corporate law with Morgan Donovan serves on the advisory boards of numerous private capital firms He also is a director or advisor to a number of charitable organizations He holds a bachelor’s degree in finance from Notre Dame a law degree from the UCLA School of Law and an MBA from Harvard Business School As the university’s chief investment officer Donovan will report directly to the executive vice president Notre Dame News © 2025 University of Notre Dame Please enable JS and disable any ad blocker For travel to the United States on a temporary basis For foreign citizens who want to live permanently in the United States Learn more about quality higher-education opportunities in the U.S that you will not find anywhere else in the world Find the closest American Space in Haiti where you can connect with the U.S On Wednesday 22nd January 2020 the installation of the Migration Information and Data Analysis System (MIDAS) was inaugurated at the office of the Directorate of Immigration and Emigration (DIE) in Malpasse Various personalities participated in this event including the Director of the Ministry of Interior and Territorial Collectivities the Director of the Bureau of International Narcotics and Law Enforcement Affairs (INL) the Chief of Mission of the International Organization for Migration and the Director of the Anti-Corruption Unit This inauguration is a very important date as the use of MIDAS marks a significant step forward in border management in Haiti store and analyses traveler information in real time People entering and leaving Haiti are now controlled more efficiently through this new computerized system thus contributing to increased border security MIDAS facilitates crossing of travelers through the automatic capture of biometric information According to information shared by the DIE 22,551 persons have already been registered “the DIE no longer only produces passports it now has full control over migration control“ stressed that “IOM’s support in the installation of MIDAS at the Malpasse border point is only the beginning the Ouanaminthe and Belladère border points will also have MIDAS and then potentially the international airports of Cap Haïtien and Port-au-Prince in order to have an interconnected national migration control system” The Ambassador of the United States remarked “The inauguration of Haiti’s first MIDAS installation here in Malpasse represents an important step in modernizing the cross-border travel between Haiti and the Dominican Republic [It is] an excellent example of cooperation among the Haitian government The MIDAS system has been operational in Malpasse since 28 November 2019 thanks to funding from the US State Department’s Bureau of Population By | 23 January, 2020 | Topics: Events, Press Releases | Tags: We use cookies to make our website work better and improve your experience Vacancies Malpass was the 13th President of the World Bank Group (WBG) 2019 and selected by the World Bank’s Board of Executive Directors on April 5 Malpass’s term as WBG President was marked most notably by the COVID-19 pandemic which struck less than a year into his tenure In addition to mounting the institution’s largest ever crisis response the Bank Group under Malpass also increased support for fragile and conflict-afflicted states began deploying IBRD and IFC capital increases and sought tools to deal with increasingly problematic debt levels among its poorest members Malpass launched the WBG’s Evolution Roadmap intended as a review and enhancement of the institution’s operational and financial models He graduated from Colorado College with a B.A in physics and earned an MBA at the University of Denver He became a Certified Public Accountant (CPA) and went on to study international economics at Georgetown University’s School of Foreign Service Malpass served in a variety of positions in both the private sector and the United States government prior to joining the WBG He served in the administrations of both President Ronald Reagan as Deputy Assistant Secretary of the Treasury including the United States’ involvement in multilateral institutions Malpass returned to the private sector in the 1990s serving as Chief Economist for Bear Stearns and later founding Encima Global a market research firm focused on global economic and policy issues Malpass was confirmed as Under Secretary of the Treasury for International Affairs for the United States government’s relationship with the WBG and representing the United States in international settings including the World Bank–International Monetary Fund (IMF) Spring and Annual Meetings Malpass advocated for the reforms embedded in the 2018 World Bank capital increase advanced the Debt Transparency Initiative adopted by the WBG and the IMF called for increased public disclosure of debt and outlined steps to increase growth rates and median income worldwide.           The Setting: “A Crisis Facing Development” At the close of the 21st century’s second decade and geopolitical events were impacting the development sphere The digital economy was making its impact felt for rich and poor nations alike transforming the way the private sector does business and governments support their citizens China had become a key player in global development finance primarily through its Belt and Road Initiative as it increased capital flows to developing countries in need of additional capital Interest rates rose after more than a decade of historically low rates following the global financial crisis of 2008-2009 but the number of people living in extreme poverty in Sub-Saharan Africa continued to rise David Malpass joined a World Bank Group that was had presided over a challenging and broadly unpopular Bank-wide reorganization in 2014 but had strengthened the institution’s financial footing through a successful capital increase Kim abruptly announced that he would leave the WBG prior to completing his second term The selection process for the new WBG president was undertaken in a climate of increasing skepticism by the U.S administration and others towards multilateral institutions Malpass and the Bank Group were quickly faced with a series of international and regional crises The COVID-19 pandemic was undoubtedly the most devastating of these resulting in worldwide health emergencies and a global recession Other economic and humanitarian crises followed including the American military withdrawal from Afghanistan in August 2021 the Russian invasion of Ukraine in March 2022 and the February 2023 earthquake in Türkiye and Syria and the devastating effects of climate change resulted in serious reversals in development for the world’s poorest nations just prior to his departure from the Bank Group Malpass reported that the global extreme poverty rate had increased from 8.4% to 9.3% since the start of the pandemic – the first reported increase since record-keeping began By this time Malpass had been commonly referring to the increasing challenges as “a crisis facing development” David Malpass took office as President of the World Bank Group on April 9th in time for the start of that year’s WBG-IMF Spring Meetings Malpass described the ongoing global economic slowdown and the impact it was having on developing nations most notably in sub-Saharan Africa and fragile and conflict-affected countries "It is critically important that we work tirelessly to foster broad-based growth and fully incorporate women and young people in economies more stable global economy for everyone." Citing the capital increase package agreed to the previous year and the potential for a large upcoming IDA19 replenishment Malpass emphasized how the top priority for the institution was creating strong outcomes for people in developing countries He also touched on topics that would be a focus throughout his presidency and expressed support for Bank Group initiatives on: debt transparency and the importance of strong country programs agreed to at the previous year’s Spring Meetings was accompanied by several policy commitments and much of the Bank Group’s attention in 2019 was devoted to initiating or fulfilling these obligations which were closely associated with commitments made as part of the Bank Group’s 2016 Forward Look The final months of 2019 included the fine-tuning of plans for an organizational realignment of the Bank’s operational structure 2020 and implemented in the months following sought to strengthen the Bank Group’s engagement with client countries It established operational reporting lines similar to the pre-2014 structure with country directors and practice managers again reporting to regional vice presidents President Malpass addresses the press during Spring Meetings 2023.Building on existing WBG values – impact and innovation – the organization under Malpass endeavored to make the institution a safer and more respectful workplace and to strengthen workplace culture amid worldwide protests following the killing of American George Floyd by police officers then Senior Vice President and Bank Group General Counsel The Task Force delivered 80 recommendations including the creation of a World Bank Group Anti-Racism Charter which was launched in September 2021. Malpass launched other initiatives to strengthen workplace culture including: the WBG Action Plan for Preventing and Addressing Sexual Harassment released in May 2019; the Task Force on Workplace Culture established in November 2021 and focused on managerial accountability; and the formalization of a relationship between the Bank and Historically Black Colleges and Universities (HBCUs) in the US in September 2022 to promote the sharing of knowledge and talent and to advance more inclusive and sustainable social and economic development WBG President Malpass made a speech commemorating the 75th anniversary of the Bretton Woods Conference which gave birth to both the World Bank and the IMF Malpass noted how the delegates of 44 countries convened while battles still raged across Europe and the Pacific and how the World Bank’s first loans were for post-war reconstruction In the Bank’s 75th year the institution would be called on to respond to a global crisis of a different type public health officials in China identified a novel coronavirus as the causative agent of a pneumonia outbreak of previously unknown etiology; soon after the World Health Organization (WHO) referred to the virus as the “2019 Novel Coronavirus” the WHO declared COVID-19 a pandemic as more than 118,000 cases of the virus had been identified in 114 countries around the world President Malpass with IMF Managing Director Kristalina Georgieva 2022.The World Bank Group reacted quickly to the pandemic and increased its support at an unprecedented pace the WBG announced an initial package of up to $12 billion in immediate support to assist countries in their response to the health and economic impacts of the global outbreak A new and innovative mechanism to speed the approval process for the COVID-19 response was implemented by the Bank; by the end of March support for COVID-19 response effort was announced for countries such as Mongolia the Bank Group’s fast track emergency support had reached over 100 countries and the institution announced that it was set to deploy $160 billion over the 15 months from April 2020 to June 2021 representing the largest crisis response ever in the Bank Group’s history and the largest of any international institution The response included acceleration of IDA19 commitments by shortening its implementation period from three to two years and moving up the IDA20 replenishment cycle by one year Widespread distribution of a potential COVID-19 vaccine to poorer countries was a key focus of the WBG In anticipation of the first vaccine available for emergency use authorization the WBG approved financing of up to $12 billion to help low-income and middle-income countries purchase and distribute vaccines IFC also invested in the manufacture of vaccines and related supplies through its $4 billion Global Health Platform In the year following the release of the first vaccine available to the public the WBG funded 100 million doses available in over 60 countries While initial focus of the COVID-19 response was on the ability of the poorest countries to react to the severe health and humanitarian impacts of the pandemic the deteriorating economic situation in these countries was just as urgent and the heaviest burden of the pandemic had fallen on the most vulnerable people and communities with the fewest safety nets “It’s clear that we face a unique pandemic of inequality,” Malpass said during his address at the 2020 Annual Meetings and it has hit informal sector workers and the poor – especially women and children – the hardest.” After years of positive development outcomes the WBG estimated that the pandemic had pushed nearly 100 million people into extreme poverty WBG staff were forced to confront this emerging reality in a vastly different working environment while working to advance financial commitments unlike any the WBG had made before staff quickly transitioned to home-based work The technical challenges and organizational logistics necessary to facilitate this move were also unique in the WBG’s history and Spring and Annual Meetings were curtailed or cancelled outright and an Emergency Management Team was activated to ensure staff could continue working from home while mobilizing information and resources with staff safety and wellness as the priority As he reported to staff in a September 2020 weekly update President Malpass recognized personal challenges “I’m working from my dining room table and encroaching on my family’s space.” Most staff would only begin returning to the office in a hybrid context in the summer of 2022 President Malpass on a site visit in Addis Ababa 2019.While the COVID-19 pandemic was monumental in its scale and its range of damage President Malpass’s tenure at the WBG was marked by a series of other crises – environmental and economic -- that would test the ability of the international community A partial list of these challenges include: The WBG also responded to instances of fragility As part of its February 2020 release of the World Bank Group Strategy for Fragility more violent conflicts globally than at any time in the past 30 years The conflict with perhaps the most severe consequences for regional and international stability took place in Eastern Europe when The WBG responded quickly to the needs of Ukrainians mobilizing an initial $723 million package for support of the country’s critical services within days of the invasion and setting up a fast-disbursing multi-donor trust fund (MDTF) to facilitate the channeling of grant resources from donors to Ukraine The Bank Group increased its support over the course of the invasion; by March 2023 through International Bank for Reconstruction and Development (IBRD) loans and utilization of the International Development Association’s (IDA) capital cushion more than $20 billion in support of Ukraine had been mobilized 2022.In addition to the immense humanitarian and economic devastation wrought on the country of Ukraine the Russian invasion had outsized impact on neighboring countries and the world Even prior to the onset of the conflict in Ukraine the world was facing the largest forced displacement in recorded history The conflict in Ukraine triggered massive flows of refugees into neighboring Poland Speaking in Poland just weeks following the invasion “We stand ready to provide financial and advisory support to Poland and neighboring countries to assist in the response to inflows of millions of refugees.” The effects of the Ukraine invasion also exacerbated preexisting global food shortages As a result of supply chain disruptions from the COVID-19 pandemic and high commodity prices combined with the war in Ukraine acute food insecurity rose to its highest levels in 15 years in 2023 The WBG responded to the escalating crisis in four areas: supporting production and producers; facilitating increased trade in food and production inputs; supporting vulnerable households; and investing in sustainable food security The institution made over $26 billion available for short- and long-term food security interventions in 69 countries with $8.1 billion made available in the year immediately following the invasion of Ukraine the WBG and the G7 established the Global Alliance for Food Security as an immediate and concerted response to the food and fertilizer crisis Germany and the WBG launched the Global Food and Nutrition Security Dashboard to track up-to-date data on food crisis severity and to improve coordination The Russian invasion of Ukraine had immediate implications for WBG staff and operations in the countries the relocation of staff from Ukraine was already underway even as financial support for the country was about to ramp up the WBG announced that it had stopped all programs in Russia and Belarus with immediate effect These multiple crises coincided with huge setbacks for current and prospective global growth with major damage to lower income people worldwide.  President Malpass engaged fully in the Bank’s economic analyses and presentations in the semiannual Global Economic Prospects and interaction with global leaders on countering the setbacks He advocated growth-oriented structural reforms and currency stabilizations to increase investment and job growth while the COVID-19 pandemic severely worsened the debt situation for the world’s poorest countries the issue had been deteriorating in the years prior to the pandemic One of Malpass’s priorities upon joining the World Bank Group was to promote debt transparency and sustainability; indeed he took an active role in addressing the topic even prior to joining the WBG as Under Secretary of the Treasury for International Affairs for the United States President Malpass visiting the WBG Archives' Records Center the WBG and the IMF had already engaged with the G20 and US Treasury on how best to support borrower countries’ capacity building in public debt recording and reporting and how to enhance the role of the WBG and IMF in strengthening public debt transparency Malpass oversaw important steps towards debt sustainability and transparency for low-income countries through flagship reports and the implementation of IDA19’s Sustainable Development Finance Policy (SDFP) a framework to provide incentives to make debt transparent and sustainable The global recession brought on by the COVID-19 pandemic created an even greater stress on developing nations’ ability to manage their debt burdens joined by IMF Managing Director Kristalina Georgieva proposed a suspension of debt payments for IDA countries and invited the G20 to task the IMF and World Bank to propose comprehensive action on debt relief.  The G20 and Paris Club adopted a Debt Service Suspension Initiative (DSSI) The DSSI initially suspended debt service payments from May through December 2020 and was extended through December 2021; 48 out of 73 eligible IDA countries participated and $12.9 billion in debt-service payments owed by these countries were suspended and the G20 also called on private creditors to participate in the initiative the WBG worked jointly with the IMF to implement and improve the G20’s DSSI and Common Framework for Debt Treatment and launched the Global Sovereign Debt Roundtable in 2023 to work toward a more effective process for debt transparency Climate change and its impacts on developing countries continued to be at the forefront of World Bank Group operations through President Malpass’s tenure The Bank Group under Malpass increased its support for developing countries’ mitigation of greenhouse gas emissions and resilience to climate impacts cementing its place as the largest multilateral provider of climate finance for developing countries the institution more than doubled its annual investment in climate-related projects President Malpass biking to work on "Bike-to-Work Day" the launch of the Bank Group’s Climate Change Action Plan for 2021-2025 set out goals for the institution both in terms of financing by dedicating 35% of Bank Group financing to climate over the next five years by helping countries fully integrate their climate and development goals The Action Plan was based on mobilizing global resources and world-class diagnostics to achieve effective actions on climate change coinciding with the release of the new Action Plan the WBG launched Country Climate Development Reports (CCDRs) a new diagnostic tool designed to identify and prioritize the most impactful actions and policies available to address climate change President Malpass announced focused efforts on methane emission reduction and the Scaling Climate Action by Lowering Emissions (SCALE) partnership a new umbrella trust fund designed to pool funding from the global community and provide grant funding for verified emissions reductions many country members and external critics did not think the institution These criticisms peaked following Malpass’s appearance at a September 2022 climate change event in response to a question about whether he accepted the scientific consensus that manmade burning of fossil fuels is warming the planet that “I am not a scientist.” In the days following the event Malpass defended the Bank’s accomplishments in the climate sector “Successful climate action to reduce greenhouse gas emissions will take a concerted global push Climate is a defining challenge facing development.” a common and increasingly vocal refrain by both WBG member countries and the institution’s critics was that the Bank Group could be doing more to increase financing for global public goods these calls to greater action culminated in a specific request for the WBG to develop ways to significantly increase its lending and mobilize more private capital to address climate change and other global needs US Treasury Secretary Janet Yellen requested that the WBG develop an “evolution roadmap” that would explore ways the institution could dramatically expand its lending capacity President Malpass meeting with students in Niger Malpass directed work on a document that would both expand the WBG’s vision to incorporate global public goods and review its operational and financial models Bank management submitted an initial draft of a document titled “Evolving the World Bank Group’s Missions and Resources: A Roadmap.” The Roadmap was intended to serve as “a basis for Management and the Board to exchange preliminary views on priorities for the World Bank Group’s evolution identify areas for deeper engagement over coming months and a process for reaching consensus and begin implementation of the Bank Group’s collective reform efforts.” In the months following the release of the Roadmap an online consultation platform was launched to provide stakeholders with an opportunity to participate in the evolution process The 2023 WBG-IMF Spring Meetings served as the backdrop for Bank leadership and member countries to further the discussion and build momentum towards significant change a series of measures designed to increase the Bank’s lending capacity was implemented: the revision of the IBRD’s equity to loan ratio from 20% to 19%; a recommendation from the Executive Directors to Governors to remove statutory lending limits; and the expansion of the size of the bilateral shareholder guarantee program by $5 billion While these moves were expected to expand lending capacity by up to $50 billion over the next ten years work on the Roadmap initiative would continue as the needs of developing countries far outpaced this initial increase Having led the Bank Group through multiple crises and a record response Malpass informed the Bank Group’s Board of Directors of his intention to step down as President by the end of the fiscal year Malpass officially left the Bank on June 1 ten months before the expiration of his five-year term This site uses cookies to optimize functionality and give you the best possible experience. 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To learn more about cookies, click here Tens of thousands of Haitians and Haitian-Dominicans have fled the Dominican Republic in response to its strict new immigration policy with many settling in squalid camps in neighbouring Haiti Haitian officials estimate the population at four camps in the south of Haiti is at least 2,000 and growing as many as 1 million people originally from Haiti live in Dominican Republic which shares the Caribbean island of Hispaniola with its impoverished neighbour With Dominicans increasingly intolerant of a growing Haitian population on their side of the border a 2013 Dominican court ruling stripped Dominican citizenship from children born to undocumented immigrants The vast majority of those affected are Haitian the Dominican Congress passed a law allowing some migrants to apply for residency before a June 17 deadline The government said last month that 289,000 people who had started the process could stay for up to two years The Dominican Republic deported five people of Haitian descent on 15 August Returnee Haitians in the camps say they either cut their losses and left with their belongings or were intimidated into leaving many have settled in camps and depend on food and supplies from aid and church groups Haitian President Michel Martelly has called their plight a humanitarian crisis the general secretary of Haiti's Southeast Department where there are four camps says officials will try to resettle the camp residents to their home villages or nearby cities Government agencies are surveying people to determine where they are originally from in Haiti The camps are growing by the day with returnees and impoverished Haitians from nearby cities are beginning to show up too in search of food and supplies A sign in French at the site of a planned repatriation centre reads "Here soon" A woman walks between tents at a camp for returned Haitians and Haitian-Dominicans A woman gathers up clean laundry at a camp A man removes rocks from a latrine that he and others are building at a camp People gather to share lunch at a camp for returnees People wait to talk to an official from The International Organization for Migration Women wait to speak to an International Organization for Migration official This piece first appeared in Barron's on April 8 The war in Ukraine has triggered an alarming global surge in government controls on the export of food It’s critical for policymakers to halt the trend which is making a global food crisis more likely These measures alone cover 16% of world trade and have been responsible for a seven-percentage-point increase in world wheat prices That amounts to about one-sixth of the overall price surge the cumulative effect of these measures would be to increase the world price by at least 13%—and much more if others react That group already includes several of the largest exporters of key staples—including the U.S. Argentina and Brazil—should join in that commitment especially in a time of rising economic and geopolitical stress—should be a minimum requirement for policymakers everywhere An uninterrupted supply of food benefits the citizens of all countries It will also give national policymakers a much better shot at overcoming all the other shocks caused by the war in Ukraine Thank you for choosing to be part of the Voices community The latest blog posts and blog-related announcements will be delivered directly to your email inbox Haiti’s ‘Reception Center for Returnees’ at Malpasse consists of this flimsy plywood hut on several acres of bleached white gravel we hope that the crossings [deportation points] are at Malpasse and Ouanaminthe,” said Haiti’s Communication Minister Rothchild François Jr “The Contingency Plan which was being prepared is ready and functioning,” said the government spokesman the Defense Ministry announced the Contingency Plan to receive undocumented Haitians who were to be deported from the neighboring Dominican Republic starting in June Two receiving locations had been planned to accommodate the stateless persons from the Dominican Republic The repatriations had in fact already started at Malpasse “We received [on June 19] at Malpasse 23 people who are in fact returnees,” said Ariel Henri Along the border road leading from Jimani to Croix des Bouquets near Port-au-Prince there is a large empty expanse of gravel and sand This is where the deportees are to be received Corps of Military Engineering.” Below it it reads in larger letters: “Reception Center for Returnees.” and a female visitor are keeping company the three members of the Corps of Engineers on hand one can see a gray T-shirt with “Ministry of Defense” printed on it They also wear boots and multi-pocket blue pants “In the face of duty” is the phrase at the bottom of the sign behind which the soldiers are stationed “There’s nothing here,” says a member of the Corps of Engineers sitting with another in a rudimentary temporary plywood shelter in the middle of this wasteland to escape the hot sun one might mistakenly think that the brand new houses of the Haitian Customs nearby were those built to receive the deportees only the President will know what to do with them,” the soldier adds “We are just here to watch over the equipment.” The organizations which defend migrants’ rights like the Support Group for the Repatriated and Refugees (GARR) has come to the same conclusion “We made many visits and we saw nothing,” lamented Josué Michel a GARR communications assistant reached by telephone the authorities are only dragging their feet in figuring out how to receive people,” he complained The repatriation of undocumented Haitians and Dominicans of Haitian descent began with the beginning of the National Plan for Dominican Regularization on June 17 The Party for Socialism and Liberation is comprised of leaders and activists, workers and students, of all backgrounds. Organized in branches across the country, our mission is to link the everyday struggles of oppressed and exploited people to the fight for a new world. Interested in joining? Click here! Dominican Republic.- Trade in Dominican town of Jimaní (west) and Malpasse has plummeted as much as 60% since the protests began in the neighboring country The customary hustle and bustle of people with loads of various items and products in wheelbarrows on their head or their shoulders has fallen as well The Dominican guards look calmer and relaxed at an empty border gate Amid a dusty backdrop the immigration office is where the greatest movement is concentrated especially of Haitians who are preparing to board some of the buses while border guards get busy when they notice the presence of the press They took photos of journalists and photographers sent by Diario Libre note license plates and ask the […] Economy December 13 note license plates and ask the motive of their visit