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Trump to choose Treasury's Malpass to lead World Bank: sources (Reuters)

February 04, 2019

From the article:

WASHINGTON, Feb 4 (Reuters) - The Trump administration has notified World Bank shareholders that President Donald Trump intends to pick senior Treasury Department official David Malpass as the U.S. nominee to lead the development lender, people familiar with the decision said on Monday.

The nomination of Malpass would put a Trump loyalist and a skeptic of multilateral institutions in line to lead the World Bank, which committed nearly $64 billion to developing countries in the year ended June 30, 2018.

Politico, which first reported the decision, said it would be announced on Wednesday, citing unidentified administration officials.

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Justin Sandefur, a senior fellow with the Center for Global Development, said the choice showed that the Trump administration was trying to undermine a key global institution and urged other countries to nominate alternative candidates.

“They have a choice. It’s a simple majority vote, the U.S. has no veto in this election and there are many better candidates,” Sandefur said in an emailed statement.

The World Bank will accept nominations from Thursday through March 14 and up to three candidates could advance to a board vote.

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