CNN Kfile: on Free Trade


Donald Trump: Nominates opponent of World Bank to lead World Bank

President Donald Trump's pick to lead the World Bank described himself in 2011 remarks as a 25-year opponent to the institution & others like it, saying that they needed to be "thrown away" and started over from scratch. David Malpass made the comments while speaking to a local Republican gathering in Albertson, New York, in May 2011. CNN's KFile reviewed a recording of his remarks which were posted on YouTube at the time.

Trump's decision to nominate Malpass was met with some pushback, with critics contending Malpass held views that are hostile to the bank's mission, which is to reduce poverty in developing nations through financial assistance.

The US president has chosen the leader of the World Bank since its founding in 1945, but the pick has to be confirmed by the organization's board of directors. If confirmed, Malpass would succeed Jim Yong Kim, who was chosen by President Barack Obama in 2012 to lead the organization and re-nominated in 2016.

Source: Andrew Kaczynski, CNN KFile, on 2020 Presidential hopefuls Feb 14, 2019

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