The article “Trump’s pick to head the World Bank wins election” published by CNBC online cover’s how David Malpass won the recent election to head the World Bank. Malpass was nominated for this position by US President Donald Trump, and will serve a five year term in the position, following the previous head to the World Bank stepping down from the position three years into his term. Despite being a long time critic of the World Bank, while serving as President Trump’s under secretary of international affairs to the Treasury, Malpass was approved unanimously by the World Bank’s board.
The greatest questions that this article raises is what does the election of President Trump’s nominee mean for the future of the World Bank, and its 189 member nations, as well as what does the election mean for the International Monetary Fund, an organization that Malpass was also highly critical of while working for President Trump. While serving in his previous role, Malpass opposed contributing towards a boost in funds to the IMF, and this too, raises questions on how Malpass’s previous attitudes toward the IMF, and the World Bank he now heads will affect his actions in his current position.