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Kosovo, a country of 1.8 million, suffers from an unemployment rate of 40 percent, according to the World Bank. Stagnation has taken hold as the young nation experiences what some describe as the worst political and economic crisis since independence, prompting the largest mass exodus since the refugee crisis during the 1998-99 war. (Valerie Plesch/SPECIAL TO THE WASHINGTON TIMES)

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In a new report released Wednesday, the World Bank said the Palestinian deficit will grow from $400 million last year to over $1 billion this year.

AP interview: Palestinian PM accuses US of 'financial war' →

World Bank board had said last month that it would interview Malpass and expected to make its selection before the World Bank and IMF spring meetings that will be held in Washington next week.

Trump's pick to head the World Bank wins election →