Ivanka Trump reportedly being considered to head World Bank

Ivanka Trump reportedly being considered to head World Bank

The commencement of the process follows the sudden exit last Monday of the incumbent president, Jim Yong Kim, who announced he would be stepping down from his position effective February 1.

Ivanka has experience working with the Trump Organisation and managing her own lifestyle and fashion brand.

She began her career as a model before moving into business and accompanying her father at the boardroom table on the hit TV show 'The Apprentice'.

Other possible candidates mentioned are David Malpass, a current Treasury official, Nikki Haley, former United Nations ambassador, and Mark Green, head of the US Agency for International Development, the paper said.

The Treasury Department told AFP on Friday that it had no comment on potential candidates.

However, some pundits say that the worldwide financial community is not prepared for a non-American nominee at the moment.

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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.

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

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.

"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.

While expressing appreciation to Kim for his leadership of the World Bank Group and the significant accomplishments of the Bank during his tenure, the Executive Directors affirmed the Board's commitment to an open, merit-based and transparent selection process.

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