According to a report released Friday by the Financial Times, the World Bank is in search of a replacement for President Jim Yong Kim, who is said to be stepping down. What some may not know is one of those names being considered to fill the position—that of Ivanka Trump.
Ivanka had already been nominated by President Trump as possible United States Ambassador to the UN, filling the seat of outgoing ambassador Nikki Haley exited. However, after concerns of possible nepotism were raised, Trump decided to nominate State Department spokesperson Heather Nauert for the position instead.
The World Bank, based in Washington, DC, was founded after World War II as a source to finance economic development projects in many emerging economies, and as such has traditionally been lead by an American. With Kim’s recent and sudden departure from his position, not only were employees left surprised but the future of the Bank was also left uncertain.
Even though up until now President Trump and his administration has been not only wary but hostile towards institutions much like the World Bank, they now find themselves in the position of submitting a recommendation to the Bank’s board.
As stated before, Ivanka Trump’s name has been tossed into the ring, along with other nominees such as David Malpass, Treasury Under-Secretary for International Affairs; Mark Green, USAID Director; and Nikki Haley, former UN Ambassador.
However, unlike her fellow candidates, Ivanka does not have a background in international trade economics, with her only experience in business being that of her experience as a businesswoman. Before taking on her role within the White House, Ivanka served as the Vice President of Acquisitions for the Trump Organization, as well as being the director of her Ivanka Trump brand, her own fashion line before it went out of business and shuttered just last summer.
The Treasury Department has made a number of good and viable candidate suggestions themselves and is beginning the internal review process that will choose the candidate that they will put forth as the possible board member of the World Bank.
Now it is just a matter of waiting to see if indeed the Presidents daughter will take the chair, or if the World Bank will be lead by one of the other many candidates.
Do you think Ivanka Trump is the best choice for the World Bank?