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Trumps candidate is the new President of the world Bank

David Malpass, former state Secretary at the U.S. Department of the Treasury, has been appointed as the new President of the world Bank . Malpass was "open and transparent" Nominations officially to the 13. The world Bank chief has been selected, informed the Institution on Friday in Washington. The United States is the largest contributor to the world Bank, and since the establishment of the financial institution at the end of the Second world war are consistently the President. He will take office on Tuesday.

The 63-Year-old is a Confidant of US President Donald Trump was the only candidate for the Post. He has criticized the Institution that he is supposed to lead in the future, in the past, harsh. The world Bank and the IMF were "a lot of money", but "not very efficient", said the former Wall Street Economist, in the year of 2017, before the US Congress. The Lending practices of these institutions was "often corrupt."

even before the official nomination, the personnel had aroused strong criticism. The economy Nobel laureate Paul Krugman referred to the short-message service Twitter on Malpass' incorrect assessments to the financial crisis in 2008. The former speaker of the former U.S. President George W. Bush, Tony Fratto, wrote of a "disastrous, poisonous choice". (nlu/afp/red)

Created: 05.04.2019, at 18:56

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