Trump Expected To Nominate Treasury Under Secretary David Malpass As Next World Bank President
The Hill: Trump pick sets up fight over World Bank
“President Trump’s pick to lead the World Bank could spark an unprecedented battle over the future of the multinational lender. Trump is set to nominate Treasury Under Secretary David Malpass — a fierce critic of the World Bank — to serve as its next president, spurring concern within the development finance world. Malpass has been a key figure in the Trump administration’s push to scale down U.S. foreign aid, and he has blasted lenders like the World Bank as ‘inefficient’ and ‘often corrupt’…” (Lane, 2/6).
Wall Street Journal: U.S. Works to Pave Way for Its Pick to Lead World Bank
“The Trump administration is moving swiftly to shore up support for the candidacy of David Malpass to be the next president of the World Bank, hoping to head off potential challengers as the nominating process gets under way. An official announcement of Mr. Malpass’s nomination is expected Wednesday, and U.S. Treasury Secretary Steven Mnuchin has been speaking with foreign counterparts to rally support for Mr. Malpass’s candidacy, according to a senior administration official. The World Bank presidency is formally open to candidates from other countries, but no other country has moved with the same urgency as the U.S., no other candidates have been announced, and so the U.S. may get its way in appointing a sharp critic of the institution to lead it…” (Zumbrun, 2/5).