President Donald Trump’s daughter, Ivanka Trump, who works as a White House adviser, is one of the names being considered as a replacement for The World Bank’s outgoing president, Jim Yong Kim, the Financial Times reported Friday.
The DC-based World Bank, founded after World War II to finance economic-development projects in emerging economies, has traditionally been led by an American. Kim’s sudden departure from the bank came as a surprise to employees and leaves the bank’s future uncertain.
The Trump administration, which has been wary of and even hostile toward Western-led international institutions like the World Bank, will now be tasked with submitting a recommendation to the bank’s board.
Other possible American nominees to lead the bank include undersecretary of the Treasury for International Affairs David Malpass, US Agency for International Development director Mark Green, and former UN ambassador Nikki Haley, the Financial Times said.
SOURCE: Grace Panetta