Since the former World Bank President Jim Yong Kim abruptly resigned, President Donald Trump will now have the opportunity to appoint a new person to the role.
The Financial Times reported that Trump’s daughter Ivanka Trump is being considered for the role. Her role in the White House has been under scrutiny since she took office as the president’s advisor.
A new president selected by Trump could change The World Bank’s priorities.
“A World Bank president chosen by the Trump administration could, in particular, try to limit its financing of projects intended to tackle climate change, as well as any work that is seen as supporting the building of Chinese infrastructure,” the report said.
It also revealed that people are “worried” about the new transition of power.
“I think frankly right now people in the bank are worried about how do we protect the institution,” former senior World Bank official told the Financial Times.
Other considerations to fulfill the role include former ambassador to the UN Nikki Haley and Mark Green, the head of the US Agency for International Development.
Enjoy good journalism?
… then let us make a small request. The COVID crisis has slashed advertising rates, and we need your help. Like you, we here at Raw Story believe in the power of progressive journalism. Raw Story readers power David Cay Johnston’s DCReport, which we've expanded to keep watch in Washington. We’ve exposed billionaire tax evasion and uncovered White House efforts to poison our water. We’ve revealed financial scams that prey on veterans, and legal efforts to harm workers exploited by abusive bosses. And unlike other news outlets, we’ve decided to make our original content free. But we need your support to do what we do.
Raw Story is independent. Unhinged from corporate overlords, we fight to ensure no one is forgotten.
We need your support in this difficult time. Every reader contribution, whatever the amount, makes a tremendous difference. Invest with us. Make a one-time contribution to Raw Story Investigates, or click here to become a subscriber. Thank you. Click to donate by check.
Value Raw Story?
… then let us make a small request. The COVID crisis has cut advertising rates in half, and we need your help. Like you, we believe in the power of progressive journalism — and we’re investing in investigative reporting as other publications give it the ax. Raw Story readers power David Cay Johnston’s DCReport, which we've expanded to keep watch in Washington. We’ve exposed billionaire tax evasion and uncovered White House efforts to poison our water. We’ve revealed financial scams that prey on veterans, and efforts to harm workers exploited by abusive bosses. We need your support to do what we do.
Raw Story is independent. You won’t find mainstream media bias here. Every reader contribution, whatever the amount, makes a tremendous difference. Invest with us in the future. Make a one-time contribution to Raw Story Investigates, or click here to become a subscriber. Thank you.
Report typos and corrections to:
[email protected].