US President’s Daughter Ivanka May Become Next World Bank Head
By Olumidagreaton January 12, 2019
0 56 Views
Ivanka Trump, United States (US) President daughter is on the list of nominees that could be the next head of the World Bank along with other including Former United Nation (UN) Ambassador Nikki Haley, according to latest report.
Ivanka is thought to be a possibility after she was the driving force behind a $1 billion, Saudi-supported World Bank fund to promote entrepreneurship by women.
The outgoing President Jim Yong 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.
This has opened the field to Ivanka, as well as Haley who stepped down as Ambassador last month, the Financial Times has reported.
Before becoming an adviser to her father in the White House, Ivanka was an executive vice president at the Trump Organization.
She began her career as a model before moving into business and accompanying her father at the boardroom table on the hit TV show ‘The Apprentice.’
Other names being floated include Treasury Undersecretary for International Affairs David Malpass and Mark Green, head of the US Agency for International Development, the newspaper reported.
The Treasury Department declined to comment on potential candidates.
The department has received a ‘significant number of recommendations,’ a spokesperson said.
‘We are beginning the internal review process for a US 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 US 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 non-US candidates would not be ruled out.
Trump’s Administration has been opposed to globalist institutions such as the World Bank, but will now been tasked with suggesting someone for the role.
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.