|Arab and international|
Economy News Baghdad:
The World Bank announced on Friday that its executive board had unanimously approved the choice of David Malpas, the top diplomat at the US Treasury Department, as its new chairman, to continue a 73-year-old tradition that the US would head the international financial institution.
Malpas was the only candidate for the post. He is currently Treasury Under Secretary for International Affairs and has advised President Trump’s campaign in the 2016 election.
A Malbas spokesman said Malpas would begin his new job next week during the spring meetings of the World Bank and the International Monetary Fund.