Trump administration nominates David Malpass as next World Bank head

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US Treasury department official David Malpass is likely to become the next president of the World Bank despite his criticisms of “globalist” institutions.

The administration of US president Donald Trump formally nominated Malpass on February 6 after current World Bank president Jim Yong Kim stepped down early on February 1. Trump said he was “certain there could be no better candidate to lead the World Bank than David”.

Malpass has served since 2017 as the US Treasury’s under-secretary for

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