Ha­ley, Ivanka Trump among pos­si­ble World Bank nom­i­nees

Daily Sabah (Turkey) - - Business -

U.N. Am­bas­sador Nikki Ha­ley and U.S. Pres­i­dent Don­ald Trump’s daugh­ter and ad­viser Ivanka are among pos­si­ble U.S. can­di­dates to re­place out­go­ing World Bank Pres­i­dent Jim Yong Kim, The Fi­nan­cial Times re­ported Fri­day.

Kim abruptly an­nounced Mon­day he was cut­ting short his ten­ure as the bank’s pres­i­dent more than three years be­fore his sec­ond term was due to end.

FOR­MER

In ad­di­tion to Trump and Ha­ley, who stepped down as U.S. Am­bas­sador to the United Na­tions last month, other names be­ing floated in­clude Trea­sury Un­der­sec­re­tary for In­ter­na­tional Af­fairs David Mal­pass and Mark Green, head of the U.S. Agency for In­ter­na­tional De­vel­op­ment (USAID), the news­pa­per re­ported.

Ivanka Trump in 2017 was the driv­ing force be­hind a $1 bil­lion, Saudi-sup­ported World Bank fund to pro­mote en­trepreneur­ship by women.

The U.S. Trea­sury Depart­ment told Agence France-Presse (AFP) on Fri­day that it had no com­ment in po­ten­tial can­di­dates. The depart­ment has re­ceived a “sig­nif­i­cant num­ber of rec­om­men­da­tions,” a spokesper­son said.

“We are be­gin­ning the in­ter­nal re­view process for a U.S. nom­i­nee. We look for­ward to work­ing with the gov­er­nors to se­lect a new leader.”

Un­der an un­writ­ten agree­ment, the United States, which is the bank’s largest share­holder, has al­ways cho­sen its leader since the in­sti­tu­tion was founded fol­low­ing World War II.

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

Kim was the first Amer­i­can nom­i­nee to face a con­tested elec­tion for the World Bank pres­i­dency in 2012 and the bank’s board has said its se­lec­tion process will be “open, merit-based and trans­par­ent,” im­ply­ing nonU.S. can­di­dates would not be ruled out.

The World Bank Board said Thurs­day it would start ac­cept­ing nom­i­na­tions for a new leader early next month and name a re­place­ment for Kim by mid-April.

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