Ivanka Under Consideration To Head World Bank

International Monetary Fund Managing Director Christine Lagarde and World Bank President Jim Yong Kim share a stage on Apr. 17 2017 in Washington D.C. Following the example set by the IMF the World Bank should appoint a woman to replace outgoin

International Monetary Fund Managing Director Christine Lagarde and World Bank President Jim Yong Kim share a stage on Apr. 17 2017 in Washington D.C. Following the example set by the IMF the World Bank should appoint a woman to replace outgoin

Former US ambassador Nikky Haley and Ivanka Trump, daughter of President Donald Trump, are among the possible candidates to replace the outgoing World Bank (WB) president, Jim Yong Kim, the Financial Times reported Friday.

Before becoming an adviser to her father in the White House, Ivanka was an executive vice president at the Trump Organization.

Traditionally, the U.S. picks the heads of the World Bank while Europe selects the chief of the International Monetary Fund.

In addition to Ivanka Trump and Haley, who left office last month, the names of Under Secretary for International Affairs of the Treasury, David Malpass, and Mark Green, head of the United States Agency for International Development, are handled, according to the newspaper.

"A World Bank president chosen by the Trump administration could, in particular, try to limit its financing of projects meant to tackle climate change, as well as any work that is seen as supporting the building of Chinese infrastructure", the report said.

The Treasury Department declined to comment on potential candidates. The US Treasury Department is said to have already received "a significant number of recommendations for good candidates" and kicked off "the internal review process" to decide on the candidate. U.S. officials involved in the process said they expected American efforts to pick Mr. Kim's successor to face even more challenges from the rest of the world. We look forward to working with the governors to select a new leader'.

Through an unwritten post-war agreement with Europe, the institution has always been led by an American while a European has always been at the helm of the International Monetary Fund.

But in 2012, Kim was the first American candidate to face a contested election for presidency.

Trump's Administration has been opposed to globalist institutions such as the World Bank, but will now been tasked with suggesting someone for the role.

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