World Bank to name new president by mid-April

Remigio Civitarese
Gennaio 12, 2019

The Financial Times reports Ivanka is among a list of names submitted to the Treasury Department to replace current World Bank President Jim Yong Kim, who recently announced he would step down this month.

Kim was the first American nominee to face a contested election for the World Bank presidency in 2012 and the bank's board has said its selection process will be "open, merit-based and transparent", implying non-US candidates would not be ruled out.

The World Bank is about to be leaderless. The Trump Administration hates everything that The World Bank embodies.

Any of the 189 member countries can nominate a candidate from any country but the bank´s board also specified that the candidates must support the vision for financing sustainable development.

They include a proven track record of leadership; experience of managing large organizations with global exposure, and a familiarity with the public sector; the ability to articulate a clear vision of the World Bank Group's development mission; a firm commitment to and appreciation for multilateral cooperation; and effective and diplomatic communication skills, impartiality and objectivity in the performance of the responsibilities of the position.

The board will accept nominations from February 7 through March 14.

The President of the World Bank is ex officio chair of the Board of the Executive Directors of the International Bank for Reconstruction and Development (IBRD) and the International Development Association (IDA).

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