FILE - In this 2007 file photo, David Malpass, then the Chief Economist at Bear, Stearns & Co. Inc., speaks at the Council on Foreign Relations in New York. President Donald Trump plans to nominate Malpass, an administration critic of the World Bank, to be the institution’s next leader. (AP Photo/Mark Lennihan)

AP source: Trump to tap critic of agency to lead World Bank

February 05, 2019 - 7:24 am

WASHINGTON (AP) — President Donald Trump plans to nominate David Malpass, a Trump administration critic of the World Bank, to lead the institution.

That's according to a senior administration official who spoke on condition of anonymity because the official wasn't authorized to comment publicly on personnel decisions.

Trump is expected to make an announcement later this week.

Malpass, the undersecretary for international affairs at the Treasury Department, has been a sharp critic of the World Bank, especially over its lending to China.

Malpass would succeed Jim Yong Kim, who announced in January that he is stepping down three years before his term was set to expire.

The final decision on a successor to Kim will be up to the bank's board.

Politico was first to report on the nomination.

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