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    Home > Top Stories > German minister: Next World Bank boss should be a woman
    Top Stories

    German minister: Next World Bank boss should be a woman

    Published by Uma Rajagopal

    Posted on February 22, 2023

    1 min read

    Last updated: February 2, 2026

    German Development Minister Svenja Schulze emphasizes the need for a woman to lead the World Bank, highlighting the importance of gender equality in global finance and development.
    German Development Minister Svenja Schulze advocates for a female World Bank president - Global Banking & Finance Review
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    Tags:World BankAppointmentleadership

    Quick Summary

    BERLIN (Reuters) – The next World Bank president should be a woman, Germany’s international development minister told Reuters in remarks that could strengthen the potential candidacy of Ngozi Okonjo-Iweala, the American-Nigerian head of the World Trade Organization.

    BERLIN (Reuters) – The next World Bank president should be a woman, Germany’s international development minister told Reuters in remarks that could strengthen the potential candidacy of Ngozi Okonjo-Iweala, the American-Nigerian head of the World Trade Organization.

    Svenja Schulze, a party ally of Social Democrat Chancellor Olaf Scholz, casts the vote of Germany, one of the multilateral lender’s largest shareholders, in the ballot to choose a successor to David Mulpass, who stands down in June.

    “As Germany’s World Bank governor I say: ‘It is time for a woman at the head of the World Bank’,” she said on Tuesday.

    “The World Bank must be a pioneer in fighting poverty and global crises like climate change, biodiversity loss and pandemics.”

    Malpass, a former Treasury official, was appointed by former U.S. President Donald Trump and has been in office since April 2019. He is standing down before the end of his term. By convention, the World Bank president is a U.S. citizen.

    Okonjo-Iweala, who holds dual U.S.-Nigerian citizenship, earlier worked at the World Bank.

    (Reporting by Andreas Rinke Writing by Thomas Escritt; Editing by Mark Potter)

    Frequently Asked Questions about German minister: Next World Bank boss should be a woman

    1What is gender equality?

    Gender equality refers to the state in which access to rights or opportunities is unaffected by gender. It is a fundamental human right and essential for a peaceful, prosperous world.

    2What is a president in the context of the World Bank?

    The president of the World Bank is the chief executive officer and is responsible for overseeing the institution's operations and policies.

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