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Trump Nominates David Malpass As World Bank President by ryloy: 3:23pm On Feb 07, 2019 |
U.S. President Donald Trump said Wednesday that the World Bank Group should be led by U.S. Treasury official David Malpass, a Trump loyalist and critic of multilateral institutions who has vowed to pursue "pro-growth" reforms at the global lender. Trump's nomination of Malpass, the Treasury Department's top diplomat, is subject to a vote by the World Bank's executive board and could draw challengers from some of the bank's 188 other shareholding countries. The United States, the lender's largest shareholder with 16 per cent of its voting power, has traditionally chosen the bank's president, but departing president Jim Yong Kim faced challengers from Colombia and Nigeria in 2012. The nomination of Malpass, who beat out other potential candidates, including former PepsiCo CEO Indra Nooyi and U.S. Overseas Private Investment Corp. President Ray Washburne, signals that the Trump administration wants a firmer grip on the global development lender. "He has fought to ensure financing is focused on the places and projects that truly need assistance, including people living in extreme poverty," Trump said, in announcing his choice at the White House with Malpass by his side. https://www.cbc.ca/news/business/malpass-world-bank-nominee-1.5008275 |
Re: Trump Nominates David Malpass As World Bank President by Baawaa(m): 3:24pm On Feb 07, 2019 |
Trump the useless president America ever had ![]() ![]() ![]() ![]() ![]() ![]() ![]() |
Re: Trump Nominates David Malpass As World Bank President by Devonzeus(m): 5:29pm On Feb 07, 2019 |
You are mad |
(1) (Reply)
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