David Malpass. Photo: Mario Tama via Getty Images
US President Donald Trump has nominated the senior officer of the Ministry of Finance, David Malpass as the next president of the World Bank. If the director of the World Bank Group voted in his favor, he would replace Jim Yong Kim as president of the World Bank.
Significantly, America’s dominance is very high in the World Bank, so this position is usually American citizens. The post of managing director of the International Monetary Fund is for Europe.
Considering the votes of various countries in the World Bank, the confirmation of Malpass’s name is merely a formality. Announcing Malpass’s nomination, the US President named him a “special person” and a person who is absolutely right for this position.
Who is David Malpass?
Let us tell you that 62-year-old Malpass, as Additional Secretary of Finance for International Affairs, sees the functioning of the International Monetary Fund and the World Bank. Internationally renowned economist Malpas has 40 years of experience in economics, finance, government, and foreign policy. Malpaul was the financial adviser of Donald Trump during the 2016 election.
Many have done work with presidents.
After getting a Degree in International Economics from Georgetown University’s prestigious School of Foreign Service, Malpas worked as Deputy Assistant Minister of Foreign Affairs during the tenure of former President Ronald Reagan during the tenure of Deputy Assistant Finance Minister and former President George H. W. Bush.
Trump said calling Malappa, “The Wall Street Journal said in an editorial today that David Malpass is the best choice. America contributes the most to the World Bank. He gives him $ 1 billion each year. ”
Significantly, in the selection process, Trump’s daughter and senior President’s Advisor Ivana Trump helped Mnuchin. Ivana Trump said that David’s comprehensive information about the challenges and opportunities of the World Bank makes him the qualified manager of this great institution.