Trump Replaces Jim Kim

By Ikenga Chronicles February 7, 2019

Trump Replaces Jim Kim

President Donald Trump of the United States of America, has nominated David Malpass, a critic of multilateral institutions like the World Bank, to replace Jim Yong Kim as the World Bank President.

Malpass is a Trump loyalist, who served as senior economic adviser to the president during his campaign in 2016, and currently the undersecretary for international affairs at the Treasury Department of the United States.

“I am certain there could be no better candidate to lead the World Bank than David. He’s going to do very well,” Trump said from the White House on Wednesday night.

Responding to his nomination, Malpass said he is very optimistic the bank can achieve breakthroughs in combating extreme poverty.

“I’m very optimistic that we can achieve breakthroughs to create growth abroad that will help us combat extreme poverty and increase economic opportunities in the developing world,” Malpass said.

Source: NAN