The nomination of Malpass signals that the Trump administration wants a firmer grip on the World Bank. Malpass will continue to participate in US-China trade negotiations as he campaigns for the World Bank presidency. He will join a delegation heading to Beijing for more talks next week, a senior Trump administration official said. By naming Malpass a day before the World Bank board begins a month-long nomination process, Trump could deter the emergence of other candidates. Malpass would honor the bank's standards and obligations, including its initiatives to combat climate change, the senior Trump administration official said.

Source: bd News24 February 06, 2019 21:11 UTC