From the article:
WASHINGTON — President Trump on Wednesday nominated David Malpass, one of his top economic advisers and a Wall Street veteran, to be the next president of the World Bank.
Mr. Malpass, currently the under secretary for international affairs at the Treasury Department, is a longtime critic of the World Bank’s lending practices and its business model and has expressed concern about the power that such multilateral institutions exert.
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If approved by the bank’s board, Mr. Malpass could put additional pressure on China at a time when it is locked in a protracted battle with the United States over geopolitical and economic dominance. The Trump administration been urging the bank to reduce lending to China, which since 2016 has received more than $7.8 billion in loans, according to the Center for Global Development. In 2017 comments at the Council on Foreign Relations, Mr. Malpass argued that this should change.
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“As the U.S. candidate, David Malpass will have a lot of work to do to convince other shareholders that he is prepared to move beyond his past statements and track record when it comes to the World Bank’s agenda,” said Scott Morris, senior fellow at the Center for Global Development and former Treasury deputy assistant secretary for development finance and debt. “That includes the bank’s critical role in climate finance and the need for constructive engagement with China.”