The US treasury department official,David Malpass is the US nominee for World Bank Presidency.
U.S. President Donald Trump confirmed the nomination on Wednesday, describing Malpass as a longterm supporter and the best candidate for the job.
“David has been a strong advocate for accountability at the World Bank for a long time,” Trump said. “He has fought to ensure financing is focused on the places and projects that truly need assistance, including people living in extreme poverty.”
He is now working as the undersecretary for international affairs in US treasury,and 2018 he helped World Bank package lending reforms that aimed to limit the bank’s lending and focus resources more on poorer countries.
Malpass also welcomed the nomination saying”it’s a great honor” on Wednesday.
On the other hand developing nations are more likely to oppose the Malpass,as the developing countries will be going to represented least in World Bank and IMF.The dictatorship of US in World Bank and The EU hold over IMF always leave developing nations least represented. Nominations open on Thursday and close on March 14. Any of the 189 World Bank member nations can propose a candidate.