David Malpass selected new president of World Bank Group

FILE- In this Feb. 6, 2019, file . David Malpass, undersecretary for international affairs at the Treasury Department, listens to Trish Regan during "Trish Regan Primetime" on Fox Business in Washington. [File Photo: IC]

David Malpass, undersecretary for international affairs at the U.S. Treasury Department, was selected as president of the World Bank Group for a five-year term beginning on April 9, 2019, the World Bank Group said Friday.