US President Donald Trump has nominated a senior Treasury official David Malpass as the next president of the World Bank. If voted by the Directors of the World Bank Group, he would replace Jim Yong Kim as the president of the world bank, a position which has traditionally been held by Americans. Treasury Secretary Steven Mnuchin said Trump had made an excellent choice by nominating Malpass to serve as President of the World Bank. The rest of the world holds 84% of the voting power at the World Bank. It's fully within their ability to block an unsuitable nominee," Morris, who played a leading role in Jim Kim's campaign for World Bank president said.

Source: dna February 06, 2019 20:26 UTC