World Bank's Malpass Looks Forward to Working With Biden

The transcript discusses the traditional selection process for the leadership of the International Monetary Fund (IMF) and the World Bank, where Europe and the US have historically played significant roles. The current World Bank President, chosen during Trump's administration, reflects on the apolitical nature of the position and the evolving dynamics in leadership selection. The discussion also highlights the diversification in leadership with the appointment of Kristalina Georgieva from a smaller European country as the head of the IMF. The World Bank's focus on development and collaboration with different administrations is emphasized.

Which countries traditionally influence the selection of the IMF and World Bank leaders?

• Latin America and Europe

• Asia and Africa

• Europe and United States

• United States and China

Who proposed the current President of the World Bank?

• President Obama

• President Biden

• President Bush

• President Trump

What is the term length for the President of the World Bank?

• 4 years

• 5 years

• 6 years

• 3 years

What characterizes the position of the World Bank President?

• Temporary

• Highly political

• Apolitical

• Partisan

What is the main goal of the World Bank according to the speaker?

• Increasing shareholder value

• Promoting global development

• Maximizing profits

• Reducing taxes