Trump Administration Floating Some Names For Last Head Of The World Bank

Clay Curtis
January 13, 2019

Former US ambassador Nikky Haley and Ivanka Trump, daughter of President Donald Trump, are among the possible candidates to replace the outgoing World Bank (WB) president, Jim Yong Kim, the Financial Times reported Friday.

Other considerations to fulfill the role include former ambassador to the UN Nikki Haley and Mark Green, the head of the US Agency for International Development.

Ivanka Trump in 2017 was the driving force behind a $1 billion, Saudi-supported World Bank fund to promote entrepreneurship by women.

They include a proven track record of leadership; experience of managing large organizations with worldwide exposure, and a familiarity with the public sector; the ability to articulate a clear vision of the World Bank Group's development mission; a firm commitment to and appreciation for multilateral cooperation; and effective and diplomatic communication skills, impartiality and objectivity in the performance of the responsibilities of the position.

"The Executive Directors agreed that candidates should be committed to the implementation of the Forward Look and the capital package agreement as articulated in the Sustainable Financing for Sustainable Development Paper", the statement said.

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The Treasury Department has received "a significant number of recommendations for good candidates" and plans to begin "he internal review process " to select the appropriate candidate, a spokesperson said.

However, some pundits say that the global financial community is not prepared for a non-American nominee at the moment.

Under an unwritten agreement, the USA, which is the bank's largest shareholder, has always chosen its leader since the institution was founded following World War 2.

But in 2012, Kim was the first American candidate to face a contested election for presidency.

The bank's statement also said the new director should have "a firm commitment to and appreciation for multilateral cooperation", a phrase that draws a contrast with the views of some Trump administration officials who have questioned the value of multilateralism, and of institutions like the World Bank.

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