According to a statement issued by the World Bank, Malpass was the only candidate nominated for that position. Bush administrations, has had sharp words for several policies at the World Bank, including its loans to China. Malpass, 62, Treasury’s undersecretary for international affairs, would need to be approved by the World Bank’s 12-member board before becoming its president. Prior to becoming Under Secretary, Mr. Malpass was an international economist and founder of a macroeconomics research firm based in New York City. Mr. Malpass served as chief economist of a large international financial institution and conducted financial analyses of countries around the world.

Source: Daily Observer March 18, 2019 02:26 UTC