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.
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.
-
How Tesla has put Elon Musk on track to be the world’s first trillionaireIn The Spotlight The package agreed by the Tesla board outlines several key milestones over a 10-year period
-
Cop30: is the UN climate summit over before it begins?Today’s Big Question Trump administration will not send any high-level representatives, while most nations failed to submit updated plans for cutting greenhouse gas emissions
-
‘The Big Crunch’: why science is divided over the future of the universeThe Explainer New study upends the prevailing theory about dark matter and says it is weakening
-
Warner Bros. explores sale amid Paramount bidsSpeed Read The media giant, home to HBO and DC Studios, has received interest from multiple buying parties
-
Gold tops $4K per ounce, signaling financial uneaseSpeed Read Investors are worried about President Donald Trump’s trade war
-
Electronic Arts to go private in record $55B dealspeed read The video game giant is behind ‘The Sims’ and ‘Madden NFL’
-
New York court tosses Trump's $500M fraud fineSpeed Read A divided appeals court threw out a hefty penalty against President Trump for fraudulently inflating his wealth
-
Trump said to seek government stake in IntelSpeed Read The president and Intel CEO Lip-Bu Tan reportedly discussed the proposal at a recent meeting
-
US to take 15% cut of AI chip sales to ChinaSpeed Read Nvidia and AMD will pay the Trump administration 15% of their revenue from selling artificial intelligence chips to China
-
NFL gets ESPN stake in deal with DisneySpeed Read The deal gives the NFL a 10% stake in Disney's ESPN sports empire and gives ESPN ownership of NFL Network
-
Samsung to make Tesla chips in $16.5B dealSpeed Read Tesla has signed a deal to get its next-generation chips from Samsung
