Trump reportedly will nominate Treasury official David Malpass to lead World Bank
President Trump has chosen David Malpass, a Treasury Department official, as his pick to become president of the World Bank, senior administration officials told Politico on Monday.
The announcement will be made Wednesday, one person said. Malpass is the undersecretary for international affairs, and has been critical of organizations like the World Bank, which tries to fight poverty by making low-interest loans and giving out grants, saying they have "grown larger and more intrusive" and "the challenge of refocusing them has become urgent and more difficult," Politico reports.
Last month, Jim Yong Kim made the surprise announcement that effective Feb. 1, he was stepping down as president of the World Bank. Historically, the United States has chosen the bank's leader, but in recent years other countries have pushed back against this, Politico reports. The World Bank's executive board will make the final decision, with nominations open Feb. 7 through March 14.
Subscribe to The Week
Escape your echo chamber. Get the facts behind the news, plus analysis from multiple perspectives.
Sign up for The Week's Free Newsletters
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
Sign up for Today's Best Articles in your inbox
A free daily email with the biggest news stories of the day – and the best features from TheWeek.com
Catherine Garcia has worked as a senior writer at The Week since 2014. Her writing and reporting have appeared in Entertainment Weekly, The New York Times, Wirecutter, NBC News and "The Book of Jezebel," among others. She's a graduate of the University of Redlands and the Columbia University Graduate School of Journalism.
-
Climate change is threatening Florida's Key deer
The Explainer Questions remain as to how much effort should be put into saving the animals
By Justin Klawans, The Week US Published
-
TV to watch in November, from 'Dune: Prophecy' and 'A Man on the Inside'
The Week Recommends A new comedy from 'The Good Place' creator, a prequel to 'Dune' and the conclusion of one of America's most popular shows
By Anya Jaremko-Greenwold, The Week US Published
-
Daniel Lurie: San Francisco's moderate next mayor
In the Spotlight Lurie beat a fellow Democrat, incumbent Mayor London Breed, for the job
By Justin Klawans, The Week US Published
-
Boeing machinists approve contract, end strike
Speed Read The company's largest union approved the new contract offer, ending a seven-week strike
By Peter Weber, The Week US Published
-
US economy still strong in final preelection report
Speed Read It grew at a solid 2.8% annual rate from July through September
By Peter Weber, The Week US Published
-
Boeing machinists reject deal, continue strike
Speed Read The rejection came the same day Boeing reported a $6.2 billion quarterly loss
By Peter Weber, The Week US Published
-
Ports reopen after dockworkers halt strike
Speed Read The 36 ports that closed this week, from Maine to Texas, will start reopening today
By Peter Weber, The Week US Published
-
Empty-nest boomers aren't selling their big homes
Speed Read Most Americans 60 and older do not intend to move, according to a recent survey
By Peter Weber, The Week US Published
-
Brazil accuses Musk of 'disinformation campaign'
Speed Read A Brazilian Supreme Court judge has opened an inquiry into Elon Musk and X
By Rafi Schwartz, The Week US Published
-
Disney board fends off Peltz infiltration bid
Speed Read Disney CEO Bob Iger has defeated activist investor Nelson Peltz in a contentious proxy battle
By Rafi Schwartz, The Week US Published
-
Disney and DeSantis reach detente
Speed Read The Florida governor and Disney settle a yearslong litigation over control of the tourism district
By Peter Weber, The Week US Published