Trump nominates U.S. Treasury's Malpass to lead World Bank
Trump's nomination of Malpass, the Treasury Department's top diplomat, is subject to a vote by the World Bank's executive board and could draw challengers from some of the bank's 188 other shareholding countries.
The United States, the lender's largest shareholder with 16 percent of its voting power, has traditionally chosen the bank's president, but departing president Jim Yong Kim faced challengers from Colombia and Nigeria in 2012. (Reporting by David Lawder and Jeff Mason; Writing by David Lawder; Editing by Tim Ahmann)
(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)
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