{"id":7201,"date":"2019-02-06T20:23:25","date_gmt":"2019-02-06T20:23:25","guid":{"rendered":"http:\/\/www.styledeals.co.uk\/blog\/trump-backs-world-bank-critic-malpass-for-top-job\/"},"modified":"2019-02-06T20:23:25","modified_gmt":"2019-02-06T20:23:25","slug":"trump-backs-world-bank-critic-malpass-for-top-job","status":"publish","type":"post","link":"https:\/\/www.styledeals.co.uk\/blog\/trump-backs-world-bank-critic-malpass-for-top-job\/","title":{"rendered":"Trump backs World Bank critic Malpass for top job"},"content":{"rendered":"\n
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\n Getty Images<\/span><\/p>\n

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\n David Malpass (R) is a controversial candidate
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US President Donald Trump has named senior Treasury Department official David Malpass to lead the World Bank.<\/p>\n

His nomination has stirred debate, as some worry that Mr Malpass, a critic of the bank, will seek to reduce its role.<\/p>\n

White House officials said Mr Malpass, a long-time Republican, would be a “pro-growth reformer”.<\/p>\n

If approved, he is expected to push the bank to narrow the focus of its lending to the world’s poorest countries, among other changes.<\/p>\n

At a press conference in Washington, Mr Trump praised Mr Malpass as a “strong advocate for accountability at the World Bank for a long time”.<\/p>\n

The president, who frequently criticises multilateral institutions, said he expected Mr Malpass to ensure that the bank’s dollars “are spent effectively and wisely, serve American interests and defend American values.”<\/p>\n

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Image copyright<\/span>
\n Reuters<\/span><\/p>\n

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\n The White House describes Mr Malpass as a “pro-growth reformer”
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Who is David Malpass?<\/h2>\n

Mr Malpass, a Trump loyalist, was a senior economic adviser to the US president during his 2016 election campaign. <\/p>\n

He has served as the Treasury Department’s undersecretary for international affairs since August 2017.<\/p>\n

The 62-year-old has criticised the World Bank, along with other institutions such as the International Monetary Fund, for being “intrusive” and “entrenched”.<\/p>\n

He has also pushed the bank to reduce its lending to China, which he says is too wealthy to deserve such aid, and deploys harsh practices when lending to other countries.<\/p>\n