Memphis Daily News Chandler Reports Nashville Ledger
» Subscribe Today!
The Power of Information
Home
The Ledger - EST. 1978 - Nashville Edition
X
Skip Navigation LinksHome > Article
VOL. 43 | NO. 14 | Friday, April 5, 2019

Trump's pick to head the World Bank wins election

Print | Front Page | Email this story

WASHINGTON (AP) — David Malpass, the Treasury official nominated by President Donald Trump to head the 189-nation World Bank, has won election to the post.

The World Bank says Malpass was approved unanimously by the bank's 25-member executive board on Friday. He will begin a five-year term next Tuesday succeeding Jim Yong Kim, who stepped down earlier this year, three years before his term was to end.

Malpass was serving in the Trump administration as Treasury's under secretary of international affairs. He has been a longtime critics of the World Bank and its sister lending organization, the International Monetary Fund.

However in his Treasury post, Malpass helped win support last year for a $13 billion funding increase for the bank.

Follow us on Facebook, Twitter & RSS:
Sign-Up For Our FREE email edition
Get the news first with our free weekly email
Name
Email  
TNLedger.com Knoxville Editon
RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 0 0 0
MORTGAGES 0 0 0
FORECLOSURE NOTICES 0 0 0
BUILDING PERMITS 0 0 0
BANKRUPTCIES 0 0 0
BUSINESS LICENSES 0 0 0
UTILITY CONNECTIONS 0 0 0
MARRIAGE LICENSES 0 0 0