"US President Donald Trump is expected to nominate David Malpass to head the World Bank, a known vocal critic of the institute's lending to China... Malpass would succeed Jim Yong Kim, who announced in January that he is stepping down three years before his term was set to expire amid differences with the Trump administration over climate change and development resources. Kim's departure is likely to become a contentious fight between the Trump administration and other countries who believe the United States exerts too much influence over the bank, which is based in Washington, DC. Kim was first nominated by former US President Barack Obama in 2012... Malpass, the undersecretary for international affairs at the Treasury Department... has been a sharp critic of the World Bank, especially over its lending to China... Last year, Malpass helped negotiate a package of World Bank lending reforms tied to a $13bn capital increase that aimed to limit the bank's lending and focus resources more on poorer countries. The reforms seek to "graduate" countries to private-sector lending and limit World Bank staff salary growth. Malpass... would still need to win approval from the World Bank's 12-member executive board. The US holds a controlling 16-percent share of board voting power and has traditionally chosen the World Bank's leader... China is the World Bank's third-largest shareholder after Japan, with about a 4.5 percent share of voting power."
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Trump to tap World Bank critic to lead the institution: reports, AlJazeera, (5 Feb 2019)
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World Bank
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