Trump appoints Malpass from the US Treasury as head of the World Bank

WASHINGTON, Feb. 6 (Reuters) – US President Donald Trump said on Wednesday that the World Bank Group should be headed by Trump loyalist David Malpass, US Treasury chief # 39; multilateral institutions that is committed to continuing "growth" "reforms at the world lender.

The appointment by Trump of Malpass, the highest diplomat of the Treasury Department, is subject to the vote of the council executive of the World Bank and could attract competitors from some of the other 188 country shareholders of the bank.

The United States, the lender's largest shareholder with 16% of the vote, have traditionally chosen the bank's president, but the outgoing president Jim Yong Kim was confronted with Colombian and Nigerian challengers in 2012.

The nomination of Malpass, who beat all the potential candidates, including the former president-direct PepsiCo General, Indra Nooyi, and US Overseas Private Investment Corp. Chairman, Ray Washburne, report that the Tr Administration

"He fought for funding to be centered on projects and projects that really need help, including people living in extreme poverty, "said Trump when announcing his choice to the White House. with Malpass by his side.

(Reportage of David Lawder and Jeff Mason, Written by David Lawder, Edited by Tim Ahmann and Jeffrey Benkoe)

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