Ivanka Trump 'in the running to become World Bank President'

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

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.

In addition to Trump and Haley, who stepped down as US ambassador to the United Nations last month, other names being floated include treasury undersecretary for global affairs David Malpass and Mark Green, head of the US Agency for worldwide Development, the newspaper reported.

Ivanka Trump was in 2017 behind the World Bank's $ 1 billion fund to promote women's business initiatives.

The bank said nominations for president would be open to candidates from any member countries from February 7 to March 14, after which the directors will narrow the field to a shortlist of no more than three candidates. The US Treasury Department is said to have already received "a significant number of recommendations for good candidates" and kicked off "the internal review process" to decide on the candidate.

Ivanka Trump, 37, serves as a senior adviser to the president; she shut down her own fashion label in July, saying that she would focus on her job in the White House.

The World Bank is about to be leaderless.

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'We look forward to working with the governors to select a new leader'.

On Thursday the Bank in a statement said its Board of Executive Directors met on Wednesday, January 9, under the chairmanship of its dean, Merza Hasan, to discuss the selection process for the next President.

But the success of a U.S. candidate no longer appears completely assured.

The member states of the World Bank, however, have to elect the nominated candidate, which is why most American presidents have chosen uncontroversial nominees.

The Trump administration, which has been wary of and even hostile toward Western-led worldwide institutions like the World Bank, will now be tasked with submitting a recommendation to the bank's board.

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