President Donald Trump of the United States of America (USA), will this week, nominate Senior Treasury Official, David Malpass, to lead the World Bank. This is according to two administration officials.
The announcement will be made after Trump delivers his State of the Union address on Tuesday night. The administration, according to one of the officials, has started reaching out to World Bank member countries to rally support for Malpass’s nomination.
Malpass was born on 8th March 1956. He earned a B.A. in physics at Colorado College and an MBA at the University of Denver. He studied international economics at Georgetown University’s School of Foreign Service. From 1977 to 1983, he worked in Portland, Oregon for Esco Corporation and Arthur Andersen’s systems consulting group, where he became a licensed CPA. He speaks Spanish, Russian, and French.
During the presidencies of Ronald Reagan and George H. W. Bush, Malpass worked on an array of economic, budget, and foreign policy issues including small business promotion throughout Latin America and the 1986 tax cut.
Malpass served as the Republican staff director of Congress’s Joint Economic Committee from 1989 to 1990, and as a member of Congress’s blue-ribbon panel on budget scoring from 2002 to 2003.
In June 2008, Malpass founded Encima Global, a New York City firm, providing daily analysis of global economic and political trends relevant to institutional investors.
Malpass sits on the boards of UBS Funds, the New Mountain Financial Corporation, and the Gary Klinsky Children’s Centre. He is also a former director of the National Committee on United States-China Relations, the Council of the Americas, and the Economic Club of New York, and a former member of the board of trustees of the Manhattan Institute.W