David Malpass, the President of the World Bank, has decided to resign in the coming June. The position now seeks eligible candidates to be elected as the new World Bank president.
Malpass had earned 525,000 US Dollars in annual salary in 2021 alone. He made an annual contribution of above 340,000 US Dollars to pension plan programs and other civilian benefitting programs.
To be a candidate one has to be highly qualified even a single act from the World Bank president can have a proportional impact on climate change consequences, global poverty, immigrant issues, and other worldly matters.
What follows is the list of the most heard names who might enter the candidacy procedure.
1. Samantha Power
52-year-old Samantha Power is the Administrator of the United States Agency for International Development (USAID). Power who assumed office on May 3, 2021, is President Biden’s Administrator.
Power is a fellow Democrat and initially served as the United States Ambassador to the United Nations from a period of 2013 to 2017.
Samantha Power has had a significant role as the founder and executive director of the human rights initiative at Harvard Kennedy School.
Power holds a Doctor of Law degree from Harvard Law University. Other than that she holds a Bachelor’s degree in History from Yale University.
The 2003 Pulitzer Prize-winning book, A Problem from Hell: America and the Age of Genocide, is authored by Samantha Power. The book won the award in the General Non-Fiction category.
Power earlier worked in the 2008 U.S. Presidential campaign by Barack Obama but later resigned due to the remark that she called Hillary Clinton a monster.
Power born in London is married to Cass Sunstein, a legal scholar, and has two children with him. Power is regarded as a pro-Palestinian and a anti-Israeli.
Power is estimated of having a net worth between 1 and 5 million US Dollars.
2. Rajiv Sha
49-year-old Rajiv Shah serves as the current President of the Rockefeller Foundation, a philanthropic medical research and arts funding organization cum a private foundation based in America.
He has assumed the office since the first of March in 2017. He is a fellow democrat.
Shah previously served as the 16th Administrator of the United States Agency for International Development (USAID) from 2010 to 2015 under President Obama.
Rajiv Shah holds a Doctor of Medicine degree from the University of Pennsylvania. Other than that he has a degree of Master of Science in Health Economics from the University of Pennsylvania, Wharton School of Business, and a bachelor’s degree in Economics from the University of Michigan.
Shah has had a noted role in the development of the International Finance Facility for Immunization. On joining the Bill & Melinda Gates Foundation in the year 2001 he took care of various roles such as that of the Chief Economist, Director of Strategic Opportunities, Director of Agricultural Development, and Deputy Director of Policy and Finance.
He also served under President Obama as the Chief Scientist and Undersecretary of Agriculture for Research, Education, and Economics.
Shah who is a second-generation Indian immigrant in America was born in Michigan and is married to Shivam Mallick Shah and has three children with her. He is settled in Washington, D.C. His parents hail from the Indian state of Gujarat.
Shah is estimated of having a net worth of around 5 million US Dollars.
3. Minouche Shafik
60-year-old Minouche Shafik is the President and Vice Chancellor of the London School of Economics. Shafik who assumed office on September 1, 2017, is still serving in the position.
She became the youngest vice president of the World Bank at the age of 36, serving from 2008 to 2011.
Before that, she took care of the role of the Deputy Governor of the Bank of England. She also worked as the Permanent Secretary of the Department for International Development and the Deputy Managing Director of the International Monetary Fund.
Shafik is elected as the President of Columbia University. She would be taking charge on the first of July this year, in 2023. Shafik is a Member of the Board of the Bill & Melinda Gates Foundation.
Shafik holds a D.Phil in Economics from the University of Oxford. Other than that she holds a degree of M.Sc economics from the University of London and a Bachelor’s degree in Economics and politics from the University of Massachusetts-Amherst.
Shafik born in Egypt is married to Mohamed El-Erian, an Egyptian American economist, and businessman.
Shafik is estimated to have a net worth of around 5 million US Dollars.
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4. Wally Adeyemo
41-year-old Wally Adeyemo serves as the United States Deputy Secretary of the Treasury. He assumed office on March 26, 2021, and is under the administration of President Biden. Wally Adeyemo is a fellow Democrat.
Earlier he served as the United States Deputy National Security Advisor for International Economics from 2015 to 2016 under President Barack Obama.
Adeyemo was the first-ever president of the Obama Foundation at the age of 34 and was in office from the time period between August 1, 2019, to March 25, 2021. He served under Obama as the G7 and G20 delegates.
Adeyemo holds a Doctor of Law degree of JD (Juris Doctor degree) from Yale Law School. Other than this he holds a bachelor’s degree from the University of California in Berkeley.
He was successful in his 2004 role as the Director of the African American outreach for the then-presidential campaign of John Kerry, a Massachusetts senator and fellow democrat.
Adeyemo has a significant position in Aspen Strategy Group, the Demos Board, and the Golden State Opportunity Foundation Council.
Earlier, Adeyemo was a senior adviser for two years at BlackRock Inc., an American multinational investment firm.
Born in Nigeria and raised in Southern California he is a descendant of the Yoruba community of people in the West African ethnic group. He was assigned the birthname of Adewale Wally Adeyemo.
Adeyemo is estimated to have a net worth of between 3 and 5 million US Dollars.
