World Bank Closes Nomination For Its Presidency Position

The World Bank’s Board of Executive Directors, on Thursday closed the period for the submission of nominations for the position of the next President of the bank.

The Board said in a statement that it received one nomination, which is that of David Malpass, a US national and Under Secretary for International Affairs, US Department of the Treasury.

It said Malpass would be considered for the position.

The Executive Directors will conduct a formal interview for the candidate in Washington D.C., few days from now, and are expected to conclude the selection process before the Spring Meetings of 2019.

The position became vacant early January after Jim Kim’s abrupt resignation, three years ahead of schedule.

Nigeria former Minister of Finance, Dr Ngozi Okonjo-Iweala, said in January that she was ready to be the President of the World Bank if nominated for the job.

Okonjo-Iweala, a former senior World Bank official, ran against Kim in 2012.

 

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