Ivanka Trump among possible World Bank nominees

Ivanka Trump was the driving force behind a $1 billion World Bank fund to promote entrepreneurship by women. (AFP)
Updated 12 January 2019
0

Ivanka Trump among possible World Bank nominees

  • Nikki Haley also in the running according to Financial Times report

WASHINGTON: Donald Trump’s daughter and adviser Ivanka and the former UN Ambassador Nikki Haley are among possible US candidates to replace outgoing World Bank President Jim Yong Kim, The Financial Times reported Friday.
Kim abruptly announced Monday he was cutting short his tenure as the bank’s president more than three years before his second term was due to end.
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.
Ivanka Trump in 2017 was the driving force behind a $1 billion, Saudi-supported World Bank fund to promote entrepreneurship by women.
The Treasury Department told AFP on Friday that it had no comment in potential candidates.
The department has received a “significant number of recommendations,” a spokesperson said.
“We are beginning the internal review process for a US nominee. We look forward to working with the governors to select a new leader.”
Under an unwritten agreement, the United States, which is the bank’s largest shareholder, has always chosen its leader since the institution was founded following World War II.
But the success of a US candidate no longer appears completely assured.
Kim was the first American nominee to face a contested election for the World Bank presidency in 2012 and the bank’s board has said its selection process will be “open, merit-based and transparent,” implying non-US candidates would not be ruled out.
The World Bank Board said Thursday it would start accepting nominations for a new leader early next month and name a replacement for Kim by mid-April.


Iraq cuts oil exports in line with OPEC deal: minister

Updated 20 March 2019
0

Iraq cuts oil exports in line with OPEC deal: minister

  • An OPEC meeting in Vienna in April would assess member states’ compliance with agreed production cuts
BAGHDAD, March 14 : Iraq has cut its oil exports average to 3.5 million barrels per day in compliance with an ongoing production curb agreement, its oil minister said on Thursday.
Thamer Ghadhban told reporters an OPEC meeting in Vienna in April would assess member states’ compliance with agreed production cuts and whether to extend the curbs until the end of the year.
Iraq is committed to the deal and working to stabilize markets, he said. (Reporting by Ahmed Rasheed; Writing by John Davison; Editing by Mark Potter)