Ivanka Trump to help select World Bank boss

The White House denies Ivanka Trump is under consideration for the job but her role in the selection process is controversial.

Economy 13:26 15.01.2019

President Donald Trump's daughter, Ivanka, will help select a candidate to run the World Bank, a White House official has confirmed.

In a statement, the White House said Treasury secretary Steven Mnuchin and White House chief of staff Mick Mulvaney "have asked Ivanka Trump to help manage the US nomination process as she's worked closely with the World Bank's leadership for the past two years".

The statement denied the president's daughter was under consideration for the role after the Financial Times said Ms. Trump's name had been floated as a possible candidate.

Still, Ms. Trump's role is likely to be controversial as she has little previous experience in development finance.

Ms. Trump has worked with the World Bank and the outgoing president, Jim Yong Kim, over the past two years, jointly launching a $1.6bn ($1.25bn) women's entrepreneurship fund.

She has also worked with development agency USAID to narrow the "digital gender divide" in developing countries.

The United States, which has a controlling voting interest in the World Bank, has traditionally chosen the institution's leader since it began operations in 1946.

 

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