Ivanka Trump on List of Possible Candidates to Lead World Bank

Ivanka Trump on List of Possible Candidates to Lead World Bank

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

This week, Jim Yong Kim, bank president, shocked nearly everyone by stepping down three years early.

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.

The Treasury Department told AFP on Friday it was not going to make statements about potential candidates.

According to a long-standing tradition, the World Bank is led by an American pick: the United States nominates the president as the largest shareholder in the financial institution.

World Bank CEO Kristalina Georgieva will serve as interim president.

They include a proven track record of leadership; experience of managing large organizations with global exposure, and a familiarity with the public sector; the ability to articulate a clear vision of the World Bank Group's development mission; a firm commitment to and appreciation for multilateral cooperation; and effective and diplomatic communication skills, impartiality and objectivity in the performance of the responsibilities of the position.

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The department has received a 'significant number of recommendations, ' a spokesperson said.

The World Bank board said on Thursday that starting next month it will begin receiving nominations and that in mid-April it will appoint a successor to Kim. The World Bank's leader has always been an American, but many countries have been clamoring for the opportunity to pick a bank leader from somewhere else.

"I think frankly right now people in the bank are anxious about how do we protect the institution", former senior World Bank official told the Financial Times.

But the success of a U.S. candidate no longer appears completely assured.

The World Bank has had 12 presidents during its existence.

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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