David Malpass, Donald Trump's Under-Secretary of the Treasury, Will Be the New President of the World Bank

The president of the United States, Donald Trump will announce Wednesday the name recommended by the White House for the presidency of the World Bank (WB). according to Bloomberg, will be the current Under-Secretary of the Treasury of his government, David Malpbad

Although Trump still has interviews with candidates for his recommendation to the presidency of the a bank that provides international loans to reduce global poverty (To a large extent, destined for China and India), the sources of the publication have preferred it. The former head of the institution, Jim Yong Kim, resigned unexpectedly three years before the end of his term, effective February 1 st. From this date, the second BM was in charge, Kristalina Georgieva.

Malpbad is considered a "skeptic", as described by Politico, of the World Bank, which during the last fiscal year almost $ 64,000 million in loans for emerging markets and developing countries. He stated, for example, that global organizations "have become bigger and more invasive" and "the challenge of reorienting them has become urgent and more difficult". He also advised the bank to reduce its lending to China.

The executive committee of the BM will receive the nominations for the position between February 7 and March 14and it is It is unlikely that any member country will oppose Trump's decision, since then, the bank has been traditionally chaired by an American.

The Treasury Division in charge of Malpbad, International Affairs, is normally responsible for the appointment process of the President of the World Bank. The research committee on this occasion was led by the Secretary of the Treasury, Steven MnuchinYour chef de cabinet Eli Miller, e Ivanka Trump.

Among those interviewed by Trump are also Ray Washburne (Holder of the United States Corporation for Investment Abroad, OPIC), Mark Green (in charge of the United States Agency for International Development, USAID), Robert Kimmitt (former senior treasury official) Indra Nooyi (President of Pepsico).

Malpbad is economist training and participated in the Trump presidential campaign as an advisor. He is one of the most notable voices of the current US government in terms of international economic policy. Policy recalled that last year Malpbad Leads Negotiations on US $ 13 Million Capital Increase and World Bank Reform Package.

This former undersecretary of the Department of State (under the government of George H.W. Bush) and chief economist of Bear Stearns, also worked at the Treasury during the presidency of Ronald Reagan. Then he founded Encima Global, a company of market research focused on global economic policies.

Recently Malpbad played a central role in trade talks with China. "In his current position, he criticized China, which reprimanded Beijing for not keeping its promises of economic reform and that asked why the BM should lend money to the country, given its power, "he observed Bloomberg.

The Executive Committee of the World Bank will publish its list of three finalists by mid-April. A kind of tacit transatlantic agreement has traditionally left this institution in the hands of an American, while the International Monetary Fund (IMF) was headed by a person of some European nationality.