The name of Ivanka Trump circulates for the presidency of the World Bank (press)


Posted on 12/01/2019 at 0:45
                            Updated on 12/01/2019 at 2:01 am

The name of Ivanka Trump circulates for the presidency of the World Bank (press)More Bank / Jim WATSON

The names of potential replacements for Jim Yong Kim at the head of the World Bank are beginning to circulate, among them is that of the daughter of President Donald Trump, Ivanka Trump, current advisor to the White House, says the Financial Times on Friday.

David Malpass, a senior Treasury official, as well as former US ambassador to the UN Nikki Haley and Mark Green, president of the US Agency for International Development (Usaid), are also quoted by the British business daily do not reveal his sources.

"We will not comment on potential candidates," told More Bank a spokesman for the Treasury.

"The Treasury has received a significant number of recommendations for good candidates," she added.

"We are starting the internal review process (of these candidates) for the appointment of a US national candidate, and we look forward to working with the governors (of the World Bank) to select a new leader." she added.

Jim Yong Kim, 59, who chaired the World Bank for six years, announced Monday his surprise resignation, effective February 1, to join the investment fund Global Infrastructure Partners, specializing in infrastructure financing.

An American is usually appointed at the head of the World Bank while the management of the International Monetary Fund (IMF) is usually entrusted to a European, according to an unwritten rule. But this sharing of roles is now strongly contested by emerging countries.

Ivanka Trump was directly involved in 2017 in the launch of a fund by the World Bank to promote business creation by women in developing countries. This initiative is named "Women Entrepreneurs Finance Initiative" (We-Fi).

The presidential candidates of the World Bank will have to submit their file between February 7 and March 14, announced the institution, specifying that the appointment of its new leader or its future leader would intervene before the meetings of spring which are held the week of April 8th.

The Bank further stated its commitment to "a transparent, open and merit-based selection process". It intends to publish before the vote the list of the three successful candidates, with their agreement.