World Bank Executive Board Unanimously Approves David Malpass As Group’s Next President

New York Times: David Malpass, Trump’s Pick to Lead World Bank, Is Approved
“David Malpass, President Trump’s pick to be president of the World Bank and a longtime critic of the influence wielded by the bank and other multilateral institutions, was unanimously approved by its executive board on Friday. Mr. Trump nominated Mr. Malpass, the Treasury under secretary for international affairs, in February. … He succeeds Jim Yong Kim, who stepped down abruptly in January to join an investment firm…” (Hsu, 4/5).

Wall Street Journal: Trump Nominee Malpass Selected as Next World Bank President
“…Mr. Malpass … will take office on April 9, just in time for a gathering of the world’s finance ministers and central bankers in Washington for the spring meetings of the bank and the International Monetary Fund. The confirmation by the bank’s directors was all but assured as no other candidate emerged to challenge Mr. Malpass in the two months since the U.S. announced his candidacy…” (Zumbrun, 4/5).

Washington Post: Trump nominee wins job to run World Bank
“…In a message to World Bank staff on Friday, Malpass sought to reassure skeptics who have called out his and the White House’s critical remarks on multilateral institutions. Malpass also repeated his intention to focus the bank’s attention on the neediest nations, a priority that could cause friction with the World Bank’s more affluent borrowers, including China…” (Whalen, 4/5).

Additional coverage of the approval of David Malpass as World Bank Group president is available from Al Jazeera, Bloomberg, Reuters, and TIME.

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