He also served as the bank's vice president for Africa for six years, where he oversaw a record-breaking $70 billion in commitments.
"Makhtar's skills at IFC will help the World Bank Group continue our rapid response to the global crisis and help build a green, resilient, inclusive recovery," Malpass said.
Malpass said he highlighted the World Bank's vaccination programs, a 65% increase in overall World Bank lending commitments in 2020 and climate financing commitments.
Further deeply concessional resources will be needed through IDA20 for green, resilient, & inclusive development.
The IMF's counterparty in Myanmar is the Central Bank of Myanmar, and the source expressed hope it can maintain its independence from the country's finance ministry.