The head economist with the Heritage Foundation has acknowledged that Malpass leading the World Bank would be a dream scenario.
President Donald Trump announced Treasury official David Malpass as his nominee to be the next president of the World Bank, in a White House ceremony Thursday.
“I’m certain there could be no better candidate to lead the World Bank than David,” Trump declared, noting Malpass’s long support of his candidacy and outspoken critique of the organization.
Malpass declared in 2017, “The World Bank’s biggest borrower is China. Well, China has plenty of resources, and it doesn’t make sense to have money borrowed in the United States, using the U.S. government guarantee, going into lending in China for a country that’s gotten other resources and access to capital markets.”
Malpass has served as Treasury’s Under Secretary for International Affairs since September 2017 and came to the administration with conservative credentials. The Caller was first to report Malpass’s consideration in early January.