It became known what was the reason for the statement by World Bank President David Malpass that he was leaving his post ahead of schedule. Reported by the Financial Times.

Malpass is leaving office amid continued criticism over his response to climate change during his presidency..

Last year, the US and other major World Bank shareholders pressured the institution to step up efforts to address global issues, including climate change..

That pressure intensified after Malpass declined to say at a conference in September whether he believes in man-made climate change..

Recall that David Malpass announced that he would leave his post ahead of schedule at the end of June, that is, almost a year before the expiration of his term..

In a letter to staff, Malpass said his resignation in June will coincide with the end of the bank's financial year, "

The World Bank, a financial institution founded in 1945, is one of the largest development aid providers in the world..

In total, more than 50 percent of all economic assistance provided to Ukraine since the beginning of the war has passed through the World Bank.

In the early days of the war, the World Bank mobilized over $700 million in emergency financing for Ukraine.

Only from the beginning of winter:.

On December 12, the World Bank allocated $1.7 billion to Ukraine.

On December 21, 2022, the World Bank approved an additional financial assistance package for Ukraine for a total of $610 million. The funds will be allocated to address the urgent needs for assistance and reconstruction of our state..

On December 24, 2022, it became known that Ukraine will receive a $500 million loan from the World Bank guaranteed by the UK.

On February 10, 2023, the World Bank approved the first $50 million grant to repair Ukrainian roads.