Ivanka Trump reportedly being considered to head World Bank

13 January, 2019, 16:39 | Author: Myra Gill
  • Trump Administration Floating Some Names For Last Head Of The World Bank

Traditionally, the United States picks the heads of the World Bank while Europe selects the chief of the International Monetary Fund.

Ivanka Trump could be the next head of the World Bank along with other nominees including Former UN Ambassador Nikki Haley.

The Treasury Department declined to comment on potential candidates.

Kim abruptly announced Monday he was cutting short his tenure as the bank's president more than three years before his second term was due to end.

Since the announcement, World Bank's CEO, Kristalina Georgieva, was announced as the person to assume the role of the interim president effective February 1.

When she was in the private sector, before joining the White House, she was vice president for acquisitions at the Trump Organization and she launched her own clothing line, the Ivanka Trump brand.

"My previous experiences and recent years working at the World Bank have been rewarding efforts that have demonstrated how vital infrastructure development has become to the world", Kim said Tuesday in a statement. The largest shareholders of the World Bank - including the US, China, Japan, and Germany - each have an individual director who represents their interests. The department received "a significant number of recommendations", a spokesman said.

In any case, the success of a U.S. candidate is not completely assured.

Kim was the first American nominee to face a contested election for the World Bank presidency in 2012 and the bank's board has said its selection process will be "open, merit-based and transparent", implying non-US candidates would not be ruled out.

The bank's statement also said the new director should have "a firm commitment to and appreciation for multilateral cooperation", a phrase that draws a contrast with the views of some Trump administration officials who have questioned the value of multilateralism, and of institutions like the World Bank.



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