President Donald Trump has nominated David Malpass to lead the World Bank. Malpass is currently an official with the United States Treasury Department. Trump called him the “right person to take on this…important job.” Malpass has been a sharp critic of the 189-nation World Bank. He has said that the bank has worked too much on its own growth and not enough on its main duties, like fighting poverty. On Wednesday, Trump spoke to White House reporters about his nominee. “He has fought to ensure financing is (for) the places and projects that truly need assistance, including people living in extreme poverty,” the U.S. president said. Malpass was an economic adviser to Trump’s presidential election campaign in 2016. The nomination shows that the Trump administration wants more control over the World Bank. The bank is an international lending organization that assists developing countries.
