Donald Trump Nominates David Malpass for World Bank President


New Delhi :US President Donald Trump has nominated a senior Treasury official David Malpass as the next president of the World Bank.

If voted by the Directors of the World Bank Group, he would replace Jim Yong Kim as the president of the world bank, a position which has traditionally been held by Americans.

The position of Managing Director of International Monetary Fund has gone to Europe.

Given the vote share of various countries inside World Bank, the confirmation of Malpass as its next president is now a mere formality.

Announcing his nomination on Wednesday, Trump declared Malpass as a “special man”, and as someone who was eminently qualified for the position

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