MSNBC’s Ali Velshi on Wednesday distilled the significance of President Donald Trump’s decision to nominate David Malpass, a harsh critic of the World Bank as well as multilateralism, to lead the international financial institution, saying it represented another step backward for the United States.
“The World Bank provides funding and financing for development projects in parts of the world” that most banks consider “too risky,” Velshi said. “The U.S. is the lead investor in that.”
“For many, many years, for decades, the World Bank and the International Monetary Fund were the only games in town, basically led by the United States,” Velshi continued, adding that while international development may not “a big priority” for the White House, it certainly is for China.
“They’ll go into Africa, they’ll go into all these countries and say ‘we’ll fund your dams and hospitals and all that,'” Velshi said, citing that country’s growing influence in the developing world. “America is once again retreating from an important world stage.”
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WATCH LIVE: Trump holds mask-optional Mount Rushmore rally and fireworks celebration
President Donald Trump left the White House during the COVID-19 pandemic on Friday to attend an Independence Day event in South Dakota.
Trump was told not to attend but did so anyway.
“Trump coming here is a safety concern not just for my people inside and outside the reservation, but for people in the Great Plains. We have such limited resources in Black Hills, and we’re already seeing infections rising,” the Oglala Sioux president, Julian Bear Runner, told the Guardian. “It’s going to cause an uproar if he comes here. People are going to want to exercise their first amendment rights to protest and we do not want to see anyone get hurt or the lands be destroyed."
Trump Jr’s girlfriend tests positive for COVID-19 in South Dakota ahead of the president’s event: report
Yet another senior Donald Trump advisor has tested positive for COVID-19.
"Kimberly Guilfoyle, the girlfriend of President Trump’s eldest son and a top fund-raising official for the Trump re-election campaign, tested positive for the coronavirus on Friday before a Fourth of July event at Mount Rushmore, a person familiar with her condition said," The New York Times reported shortly before Trump's speech began.
Trump supporters shouted ‘go home’ at Native Americans protesting Mount Rushmore rally on their land: report
The protesters argued that it is their land after the Ft. Laramie Treaty of 1868, which was ratified by the U.S. Senate.
The Black Hills of South Dakota, where Mount Rushmore is located, was among the lands the tribes received to bring about an end to Red Cloud's War, which is also known as the Bozeman Trail War.