Trump’s nominee to head the World Bank is a widely known critic of the international financial institution, David Malpass.

It’s official. Today, in the Roosevelt Room at the White House, president Trump announced David Malpass as his nominee for the president of World Bank. Malpass is a former chief economist at a global investment bank, securities trading and brokerage firm Bear Stearns, which collapsed during the financial crisis in 2008. Malpass also served in the administrations of George H.W. Bush and Reagan. 

Announcing his selection for the future leader of World Bank, president Trump said: ” I knew that David was the right person to take this incredibly important job”. 

“It is an incredible honor”, said Malpass calling for “constructive reforms at World Bank. 

Malpass needs to win the majority vote from the World Bank’s executive board which includes 25 members. Considering that the US has the power which amounts to 16% voting share, the approval of Trump’s nominee is likely.

more from the pavlovic today

Boris Johnson Knew He Should Not Be Asking Richard Sharp For Financial Advice

The Sunday Times published a leaked document from December 2020, advising then Prime Minister Boris Johnson to “no longer ask Richard Sharp’s advice about your personal financial matters.” According to the memo, officials warned Johnson in December 2020. Sharp, the second largest shareholder in Oncimmune and Johnson’s preferred candidate, was appointed the BBC Chairman in…

Keep reading

Biden’s schedule for January 27, 2023 is out

EST9:00 AM President Biden receives the Presidential Daily Briefing                           5:30 PM President Biden departs the White House en route Camp David Briefing Schedule1:30 PM   Press Briefing by Press Secretary Karine Jean-Pierre

Keep reading

Is The UK Doing Enough To Help Ukraine?

John Healey, Labour MP and Shadow Defense Secretary, told Sky News that the West is doing “much of what Ukraine is asking for” regarding financial and military support. Talking to Sky News, Healey said that Germany’s recent decision to send 14 Leopards and two tanks to Ukraine “allows other countries to move together to support…

Keep reading

Biden’s schedule for January 26, 2023 is out

EST 9:00 AM President Biden receives the Presidential Daily Briefing 11:40 PM President Biden departs the White House en route Springfield, Virginia 2:45 PM   President Biden delivers remarks on our economic progress since taking office 5:30 PM  President Biden hosts a Lunar New Year Reception

Keep reading

Biden Approves Sending Of 31 M-1 Abrams Tanks To Ukraine

In his remarks from the Roosevelt Room on Wednesday, President Biden announced the US would send 31 M-1 Abrams tanks to Ukraine. “They need an enduring capability to deter and defend from Russian aggression,” said Biden. The President said the US would give Ukraine the parts and training needed to use the M1 Abrams. “Delivering…

Keep reading


Newsroom at The Pavlovic Today

Leave a comment

Your email address will not be published. Required fields are marked *