U.S. President Donald Trump has nominated David Malpass for the post of the President of the World Bank.
a. David Malborro
b. David Malpass
c. David Moore
d. David Manafort
![Trump nominates David Malpass for the post of President of the World Bank Trump nominates David Malpass for the post of President of the World Bank](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjsDs53JQlKriZwdZl9LEjkYda5JIkmG_sbY5u6yC6xS6wZGN9tclIYpPy15YKwqiSEP8DpP7dYc9iWkOM4E1h524DwVe-6v0IKjfbEAkGejR9D2SmLRBcY5WhBww7YO8xSgS0KqAWZLn-8/s320-rw/file73yt6i13gjowybu8ljr-1549508006.jpg)
About Davil Malpass:
- David Malpass had held senior roles in the US Treasury during the Ronald Reagan and George HW Bush administrations.
- He has also served as the Chief Economist at Bear Stearns Bank.
- Later he founded research group Encima Global and held a number of directorships at finance firms.
- After the assent of Trump to the U.S. Presidency, Mr Malpass took up a senior role at the U.S. Treasury and was the undersecretary for international affairs.
What is required in a World Bank President?
- A proven track record of leadership.
- Experience managing large organizations with international exposure, and a familiarity with the public sector.
- Ability to articulate a clear vision of the Bank's development mission.
- A firm commitment to and appreciation for multilateral cooperation.
- Effective and diplomatic communication skills, impartiality, and objectivity.
Other Interesting Details:
- Executive directors of the World Bank can nominate candidates for the post.
- The candidate must be citizens of one of the bank's member countries and cannot be a bank governor or executive director.
- Executive directors are expected to clearly communicate and define the nomination period.
- If there are more than three candidates, there will be a shortlisting process to narrow the field through an informal straw poll.
- The shortlisted candidates will be interviewed by the board and then the board will make a final selection through a majority vote.
- To win the presidency of the World Bank, a candidate must win approval from the institution's executive board, which has 25 members.
- The U.S. holds a 16% share of board voting power hence more often it is the U.S.-backed candidate gets elected for the post of the president.
Question:
Q. Who has the U.S. President Donald Trump nominated for the post of the President of the World Bank?a. David Malborro
b. David Malpass
c. David Moore
d. David Manafort