Sunday, January 10, 2021

World Bank boss deeply disappointed by the storming of Capitol by Trump supporters

The President of World Bank, David Malpass, is deeply disappointed over the recent storming of the Capitol by Trump supporters.

Nigeria may fall into recession if..., World Bank warns 

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 The President of World Bank, David Malpass, who was a former adviser to President Donald Trump, felt highly disappointed with the recent storming of the Capitol by Trump supporters.

He expressed his deep emotion in his letter to his staff about the assault on the U.S. Congress and assured them the bank was working to ensure their security.

  • “Like many of you, I have been following the disturbing events in Washington, D.C. closely. It is hard to express the depth of concern about developments in recent years. I was deeply appalled by what happened yesterday, and I spoke to the Board of Directors this morning.”

What you should know

  • Malpass was an adviser for Trump during his 2016 election campaign and was nominated by him for a five-year term at the World Bank – approved by the bank’s board in April 2019.
  • Trump was under intense pressure to resign two days after he urged supporters to fight the result of the Nov. 3 election that he lost
  • This event occurred as the lawmakers were preparing to certify the election of Democrat, Joe Biden, as the president of US.
  • The protesters were seen breaking windows and scaling the walls of the Capitol – sending shock waves all over the world, with many world leaders fingering Trump as sponsoring the attack.
Johnson is a risk management professional and banker with unbridled passion for research and writing. He graduated top of the class with B.sc Statistics from the University of Nigeria and an MBA degree with specialization in Finance from Ambrose Alli University Ekpoma, with fellowships from the Association of Enterprise Risk management Professionals(FERP) and Institute of Credit and Collections management of Nigeria (FICCM).

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