Top StoryWorld News

Ivanka Trump under consideration to lead World Bank

211

President Donald Trump’s daughter, Ivanka Trump, who works as a White House adviser, is one of the names being considered as a replacement for The World Bank’s outgoing president, Jim Yong Kim.

Other possible American nominees to lead the bank include undersecretary of the Treasury for International Affairs David Malpass, US Agency for International Development director Mark Green, and former UN ambassador Nikki Haley, the Financial Times said.

The DC-based World Bank, founded after World War II to finance economic-development projects in emerging economies, has traditionally been led by an American. Kim’s sudden departure from the bank came as a surprise to employees and leaves the bank’s future uncertain.

The Trump administration, which has been wary of and even hostile toward Western-led international institutions like the World Bank, will now be tasked with submitting a recommendation to the bank’s board.

Unlike some of the other proposed candidates, Ivanka does not have a background in international trade economics, but she has been a businesswoman.

Before joining the White House, she worked as a vice president for acquisitions at the Trump Organization. She also directed her own fashion line, the Ivanka Trump brand, which was shuttered last summer.

President Trump also floated Ivanka as replacement for Haley’s position, but ended up nominating State Department spokeswoman Heather Nauert after concerns of nepotism were raised.

 

Leave a comment

Related Articles

Regional counter-terrorism centre for intelligence sharing, operational coordination, a must – Tinubu

President Bola Tinubu made a case on Monday for the establishment of...

Fleeing Binance executive arrested in Kenya, faces extraction to Nigeria this week

Kenyan police authorities have reportedly apprehended Mr. Nadeem Anjarwalla, an executive associated...

Tinubu opens African Counter-Terrorism Summit in Abuja on April 22

President Bola Tinubu will open the African Counter-Terrorism Summit on Monday, April...

Breaking: Nigerian chess master Tunde Onakoya breaks world record for longest chess marathon

The Nigerian chess master, Tunde Onakoya, has set a new Guinness World...

Oil prices jump on escalating crises in Middle East

Oil prices jumped on Friday while Asian markets tumbled, with global investors...

Update: Nigeria Immigration Service has put former Gov. Yahaya Bello on the watchlist

More woes for the former Kogi State Governor, Mr. Yahaya Bello, as...

Tinubu directs overhaul of nation’s tiers of education system

President Bola Tinubu has approved the comprehensive overhaul of Nigeria’s educational system...

EFCC operatives allegedly barricade ex-Kogi Gov. Yahaya Bello’s Abuja residence

Operatives of the Economic and Financial Crimes Commission (EFCC) have allegedly barricaded...

Cubana Chief Priest arraigned in Lagos, gets N10m bail after pleading not guilty

Businessman and socialite, Pascal Okechukwu, popularly known as Cubana Chief Priest, was...

Pres. Tinubu launches National Single Window project, to generate annual $2.7bln revenue

“This initiative will link our ports, government agencies and key stakeholders, creating...

FG has rescued over 1,000 abductees without ransom payment — NSA Ribadu

The National Security Adviser, retired AIG Nuhu Ribadu, says the Federal Government...

Breaking: FG kicks start disbursement of N200bln palliative business loans

President Bola Tinubu administration’s promise to give the needed fillip to entrepreneurial...

Senate President to Police I-G: Rid Police Force of corrupt officers

“As we honour the good officers, let us weed out the bad...

Invasion of Oyo Govt Secretariat: Police parade 21 suspected Yoruba Nation agitators in Ibadan

The police in Ibadan paraded no fewer than 21 suspected Yoruba Nation...

ECOWAS Deploys A Fact-Finding Mission To Togo

The President of the ECOWAS Commission, H.E. Omar Alieu TOURAY, has deployed...

Breaking: Emefiele gets N50m bail

A former Central Bank of Nigeria Governor, Godwin Emefiele, was on Friday...

Billionaire businesswoman gets lethal injection for embezzling $12bn

A Vietnamese court on Thursday sentenced Truong My Lan, the head of...

EFCC to clampdown on schools, hotels, supermarkets, others dollarizing transactions

….vows to put in jail anyone found to be dollarizing the economy...

Breaking: Nigeria to get oil-backed $1bln Afreximbank loan in May

Nigeria is set to receive $1.05 billion from a syndicated loan backed...

Breaking: Court remands Binance executive in Kuje prison

A Federal High Court in Abuja has remanded Binance executive, Tigran Gambaryan,...