Trump Was Going To Appoint Ivanka President Of The World Bank Until Mnuchin Stopped Him

  • Trump made it plain that he very much wanted Ivanka at the helm, but it was the Treasury Secretary Mnuchin who finally blocked her ascent.
  • “It’s hard to imagine that she would have been viewed as a credible leader. It would be the worst kind of exercise of U.S. power,” said Scott Morris from the Center for Global Development in D.C.
  • Since the World Bank’s creation in 1944, the U.S. has named the bank’s president, and European leaders have appointed head of the IMF, which underscores the Western imperial nature of the international financial institutions.

Ryan Grim and Max Ufberg from The Intercept write:

“In January 2019, Jim Yong Kim threw the global financial development sector into a state of disarray: The former academic and health official announced he would be stepping down the following month from his role as president of the World Bank, opting instead for a cushier gig at a Wall Street private equity firm. For an institution that was already struggling with heightened competition from China and private capital, Kim’s departure — which came as a total surprise — was seen as a setback, as it handed an opportunity to choose a new leader to President Donald Trump, creating worries that the America First champion would pick somebody ill suited for the global role.

As the White House moved to select its new leader, one name very dear to the Trump’s heart kept floating around: his daughter Ivanka Trump. That never came to fruition, though, with Ivanka later telling reporters that though her father had raised the subject, she declined to pursue the position as she was “happy with the work” she was doing as his senior adviser.

Ivanka Trump did, however, aid Treasury Secretary Steven Mnuchin and White House Chief of Staff Mick Mulvaney in the selection process…”

See full story here.



Categories: Business, Government, International, Politics

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