From the article:
President Trump is expected to nominate Treasury Department official David Malpass, a vocal critic of the World Bank, to head the international financial institution later today.
Malpass, 62, is a conservative with longstanding ties to Trump. He once worked as chief economist at investment bank Bear Stearns, which collapsed in 2008 in the midst of the financial crisis. He also served in the administrations of Ronald Reagan and George H. W. Bush.
If approved by the countries that control the World Bank's governing board, which is considered likely, Malpass would replace Jim Yong Kim, who resigned in January before his term had ended.
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The naming of Malpass is already generating outrage among some political critics and members of the international development community.
"David Malpass is a Trump loyalist who has committed economic malpractice on a wide range of topics," said Justin Sandefur, senior fellow at the Center for Global Development. "There is no case for Malpass on merit."
