Ivanka Trump 'in the running to become World Bank President'

Lester Mason
January 12, 2019

A new president selected by Trump could change The World Bank's priorities.

This week, Jim Yong Kim, bank president, shocked nearly everyone by stepping down three years early.

Possible names are already floating around Washington, including David Malpass, a current top Treasury official on global affairs, Nikki Haley, former ambassador to the UN, Mark Green, head of the US Agency for worldwide Development, and even Ivanka Trump, the president's daughter.

She was also instrumental in the launch of the World Bank's Women Entrepreneurs Finance Initiative (We-Fi), which seeks to mobilise $1 billion in donor funding for women-owned small and medium-sized firms in developing countries.

Other names being floated include UN Ambassador Nikki Haley, Treasury Undersecretary for International Affairs David Malpass and Mark Green, head of the US Agency for International Development.

The department has received a 'significant number of recommendations, ' a spokesperson said.

"We are beginning the internal review process for a United States nominee".

'We look forward to working with the governors to select a new leader'.

An unwritten agreement states that the United States, which is the bank's largest shareholder, always chooses the head of the institution since it was founded after the Second World War.

But in 2012, Kim was the first American candidate to face a contested election for presidency.

The World Bank board has started an "open, merit-based and transparent" selection process, which means that the candidate choice may not depend on nationality.

His replacement will be named by mid-April.

Other reports by Iphone Fresh

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