World Bank President David Malpass announced his resignation in mid-February 2023, and will step down by June 2023—about a year before finishing his five-year term. As several public officials indicated after the announcement, the climate legacy Malpass leaves behind is lacking. Indeed, the Bank itself has also been under scrutiny with recent calls for reform on climate finance.

The Biden Administration quickly announced Ajay Banga as their nominee in mid-February. If confirmed, Banga will step into this role in a high-profile moment, and his own stance on climate issues is already under close examination.