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Trump will pick World Bank critic to be its head

David Malpass

WASHINGTON — The World Bank may be poised for a shake-up with President Donald Trump planning to nominate David Malpass to lead the institution focused on global poverty.

Malpass’ selection was confirmed by a senior administration official. Trump is expected to make the announcement later this week.

Malpass, now the undersecretary for international affairs at the Treasury Department, has been an outspoken skeptic of the 189-nation World Bank, a leading source of funding for economic development. The World Bank provides low-cost loans for projects around the world. Among its key missions is helping combat poverty. Malpass has called for curbing the World Bank’s financial reach and has criticized its lending to China, one of the bank’s leading recipients of aid.

If the World Bank’s directors approve his nomination, Malpass would be positioned to overhaul an institution that, he has argued, has become too focused on its own expansion and prestige rather than on the interests of poor countries.

Having Malpass at the helm of the World Bank would fit a pattern inside the Trump administration of tapping officials to lead institutions whose core missions they have publicly questioned or opposed.

The Consumer Financial Protection Bureau, the Interior Department and the Environmental Protection Agency, among others, have under Trump been led by some of their sharpest former critics.

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