A list of candidates for the World Bank president has been floated as its current head, Jim Yong Kim, has announced his intention to step down on 1 February after more than six years at the organisation’s helm. According to a long-standing tradition, the World Bank is led by an American pick: the United States nominates the president as the largest shareholder in the financial institution. The US Treasury Department is said to have already received “a significant number of recommendations for good candidates” and kicked off “the internal review process” to decide on the candidate. Those on the list, the Financial Times reports, include David Malpass, the Treasury’s Under Secretary for International Affairs, Nikki Haley, who served as US envoy to the United Nations in 2017-2018, Mark Green, head of the US Agency for International Development, and last but not least, Donald Trump’s daughter, Ivanka. READ MORE: Merkel on Top, Ivanka Breathes Down Queen’s Neck: Forbes Reveals Powerful Women Ivanka Trump, 37, serves as a senior adviser to the president; she shut down her own fashion label in July, saying that she would focus on her job in the White House. Reports said, however, that her brand sales had suffered a rapid decline after her father had become president. She was also instrumental in the launch of the World Bank’s Women Entrepreneurs Finance Initiative (We-Fi), which seeks to mobilise $1 billion in donor funding for women-owned small… Read full this story
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