Ivanka Trump among possible World Bank nominees

International Monetary Fund Managing Director Christine Lagarde and World Bank President Jim Yong Kim share a stage on Apr. 17 2017 in Washington D.C. Following the example set by the IMF the World Bank should appoint a woman to replace outgoin

International Monetary Fund Managing Director Christine Lagarde and World Bank President Jim Yong Kim share a stage on Apr. 17 2017 in Washington D.C. Following the example set by the IMF the World Bank should appoint a woman to replace outgoin

Ivanka is thought to be a possibility after she was the driving force behind a $1 billion, Saudi-supported World Bank fund to promote entrepreneurship by women.

The Financial Times reported that Trump's daughter Ivanka Trump is being considered for the role. When she was in the private sector, before joining the White House, she was vice president for acquisitions at the Trump Organization and she launched her own clothing line, the Ivanka Trump brand.

In addition to Trump and Haley, who stepped down as US Ambassador to the United Nations last month, other names being floated include Treasury Undersecretary for International Affairs David Malpass and Mark Green, head of the US Agency for International Development, the newspaper reported.

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

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. "We look forward to working with the governors to select a new leader".

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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.

In any case, the success of a U.S. candidate is not completely assured.

The member states of the World Bank, however, have to elect the nominated candidate, which is why most American presidents have chosen uncontroversial nominees.

The World Bank is about to be leaderless.

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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