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Trump pick only contender for World Bank President

IANS  |  Washington 

official David Malpass, who is Donald Trump's pick to become the World Bank's new President, is the only contender in the race as a nomination deadline ended with no other challengers.

On Thursday, the bank's board of executive directors confirmed that it had received only one nomination and that Malpass, the Treasury's undersecretary for international affairs, will be considered for the position, reports

But he has to be approved by the board before he is officially declared as the bank's next

The deadline for submitting nominations ended earlier on Thursday, and the expects to conclude the selection process before the upcoming spring meetings in April.

In January, The outlined the selection process for the next to replace Jim Yong Kim, who suddenly announced an early departure from the multilateral development

Last month, Trump picked Malpass, calling him "a for accountability" at the bank.

Malpass, who has criticised the before, thanked the President for selecting him to lead "the world's premier development institution".

Before joining the administration, Malpass was an during the 2016 presidential campaign.

He has previously served as at the

--IANS

ksk/bg

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Fri, March 15 2019. 15:22 IST
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