WASHINGTON: President Donald Trump on Wednesday introduced David Malpass , a Treasury official he has nominated to lead the World Bank, as the "right person to take on this incredibly important job. "Malpass, who is now Trump's undersecretary for international affairs at the Treasury Department, has been a sharp critic of the 189-nation World Bank. And in a nod to the president's daughter and adviser, Ivanka Trump , Malpass said he would focus on improving the status of women. "A key goal will be to ensure that women achieve full participation in developing economies," Malpass said. "I look forward to working with China and others on what the appropriate pace of that wind-down (of their loans) should be," Malpass told reporters.The U.S. nomination of Malpass for the top job will go before the bank's board of directors on Thursday.

Source: Economic Times February 06, 2019 22:07 UTC