By: Brian Evans
New reports emerged on Wednesday that indicates that President Trump is not only considering a strong conservative to be the next President of the World Bank, but it is highly likely.
On Wednesday, reports from multiple sources now indicate that he is considering David Malpass of the Treasury Department to replace outgoing President Jim Yong Kim. Kim was originally expected to remain as President until the year 2022 but on Monday he announced his early retirement.
Malpass is an American economist who currently serves as Under Secretary of the Treasury for International Affairs, and formerly as Deputy Assistant Treasury Secretary under President Ronald Reagan. He then went on to serve as the Deputy Assistant Secretary of State under President George H. W. Bush, and the Chief Economist at Bear Stearns. Then, in 2016, Malpass served as an economic advisor to Donald Trump and was nominated in 2017 for the undersecretary for international affairs in the United States Department of the Treasury. Not only does he have a long history of service to our nation, but he also has a proven track record of conservatism. In fact, economist Steve Moore of the Heritage Foundation called his possible nomination a “dream come true”. He went on to say that…
“The World Bank is the swamp of international bureaucrats who have all the wrong ideas and it needs to be completely cleaned out. David Malpass would be an ideal guy to do it,” and said that Malpass “would be the lone supply-sider” at the World Bank.
In the past, the United States assumed the role and responsibility for nominating the president of the World Bank. Likewise, the European nations nominated the President of the IMF (International Monetary Fund)
Now, after years of the World Bank shifting more and more Progressive-Socialist, now the Trump Administration will have the opportunity to alter and right the trajectory of the organization, and Malpass could be just that man. If not, Malpass would potentially be in a short line for the nomination to the Federal Reserve’s Board of Governors, being Nellie Lang decided to withdraw her name from consideration for that position.