Trump Plans to Nominate Treasury’s Malpass to Lead World Bank

David Malpass, bajo el cargo de Secretario de Asuntos Internacionales en el Departamenteo del Tesoro, hace un gesto durante la conferencia del G20 el año pasado, en la Conferencia “La Agenda del G20 bajo la presidencia argentina,” en Buenos Aires, Argentina. Foto: REUTERS/Agustin Marcarian/Foto de Archivo

By David Lawder

WASHINGTON (Reuters) –  The Trump administration has notified World Bank shareholders that President Donald Trump intends to pick senior Treasury Department official David Malpass as the U.S. nominee to lead the development lender, according to people familiar with the decision. Justin Solomon reports.

David Malpass is Trump’s pick to lead the World Bank according to people familiar with the decision.

The senior treasury department official would still need to win approval from the World Bank’s 12-member executive board, but if approved, it would put a Trump loyalist and a skeptic of multilateral institutions at the helm of the world’s largest development lender.

He would also replace Jim Yong Kim for the role.

Kim stepped down on February 1st more than three years before his term

after clashing with the Trump administration over issues like climate change and development resources.

A European diplomatic source tells Reuters that the Trump administration has notified several capitals of the Malpass nomination and that European shareholders of the bank aren’t likely to block it.

62 year old Malpass was an economic adviser to Trump during his 2016 election campaign.

He served as chief economist at Bear Stearns prior to its 2008 collapse.

In 2017, he criticized the World Bank, the International Monetary Fund and other multilateral institutions for growing larger, and “more intrusive.”

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