Trump Loyalist David Malpass Becomes 13th World Bank President Through Unanimous Selection Malpass, a Donald Trump loyalist who was a senior economic adviser to the US President during his 2016 election campaign, became the World Bank President READ MORE:
David Malpass has emerged as President of the World Bank.
To reach their unanimous decision, the Executive Directors followed the selection process agreed in 2011, which includes an open, transparent nomination where any national of the bank's membership could be proposed by the Executive Director or Governor through another Executive Director.His nomination was followed by thorough and comprehensive interview by the Executive Directors before he was announced as the new World Bank President.
The American had served in various capacities before being offered his new position. He previously served as Under Secretary of the Treasury of International affairs for the United States. While in this position, he payed a crucial role in several major world Bank Group reforms and initiatives, including the recent capital increase for IBRD and Interrnational Finance Corporation .
Nigeria Latest News, Nigeria Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
World Bank appoints new president - Daily Post NigeriaThe Executive Directors of the World Bank, on Friday unanimously appointed David Malpass as President of the World Bank Group for a five-year term, beginni
Read more »
BREAKING: American David Malpass Named World Bank President – Channels Television
Read more »
BREAKING: American David Malpass named World Bank president
Read more »
Breaking: David Malpass is World Bank 13th PresidentThe Executive Directors of the World Bank on Friday unanimously selected David Malpass as President of the World Bank Group for a five-year term beginning
Read more »
JUST IN: World Bank gets new president - Premium Times NigeriaThe new five-year term will begin on April 9.
Read more »
Enugu farmers to benefit from World Bank fund – IFAD officer – Daily TrustFarmers in Enugu State are to benefit from the World Bank International Fund for Agricultural Development (IFAD) in this year’s cassava and rice value chains programme. The IFAD Country Programme Officer, Benjamin Odoemena, made this known when the IFAD team visited five local government areas in the state to interact with farmers and collect data …
Read more »
World Bank to support small, medium businesses in Edo – Daily TrustThe World Bank says it will support Edo State government to ensure that small and medium scale businesses benefit from the private sector development in the state. The bank’s delegation, led by Ms. Edda Ivan-Smith, stated this at the weekend in Benin during a facility tour at the Edo State Geographic Information Service (EdoGIS) agency …
Read more »
World Bank promises compensation to victims of water project in Ekiti – Daily TrustThe World Bank has promised to give adequate compensation to those that will be affected by water project reform being carried out across Ekiti in partnership with the state government. The bank equally expressed its readiness to partner with civil society groups to monitor the public projects to prevent corruption in the system.ADVERTISEMENT Speaking at …
Read more »
World Bank promises compensation for victims of water project in Ekiti – Daily TrustThe World Bank has promised to give adequate compensation to those that will be affected by water project reform being carried out across Ekit in partnership with the state government. The bank equally expressed its readiness to partner civil society groups to monitor the public projects to prevent corruption in the system.ADVERTISEMENT The General Manager, …
Read more »
World Bank/IFC Group Visits AMES-Edo Inland Dry Port To Explore CooperationDr Charles Akhigbe, Chief Executive of AMES-Edo Inland Dry Port, says the project is an attractive investment opportunity and a financially profitable venture for stakeholders. Akhigbe made the obs…
Read more »