TREASURY/TRUMP AS PRESIDENT/WORLD BANK: “The World Bank may be poised for a shake-up with President Donald Trump planning to nominate David Malpass, who has been a critic of the bank, to lead the institution focused on global poverty. Malpass’ selection was confirmed by a senior administration official who spoke on condition of anonymity because the official wasn’t authorized to comment publicly on personnel decisions. Trump is expected to make the announcement later this week. Now the undersecretary for international affairs at the Treasury Department, Malpass has been an outspoken skeptic of the 189-nation World Bank, a leading source of funding for economic development. The World Bank provides low-cost loans for projects around the world. Among its key missions is helping combat poverty in developing countries. Malpass has called for curbing the World Bank’s financial reach and has criticized its lending to China, one of the bank’s leading recipients of aid.”
–Associated Press, “Trump to Tap David Malpass, Critic of World Bank, to Lead It,” The New York Times online, February 5, 2019