By Harold E. Doley, Jr.
New York — Here’s why I am supporting David Malpass, whose nomination by President Trumpto be be president of the World Bank has elicited mixed responses.
David has the background, experience and commitment to make a positive difference at the World Bank. He has held senior posts in the State and Treasury Departments under three presidents, and he has worked on Capitol Hill and in the private sector.
When the World Bank presidency was previously open in 2012, I wrote a public appeal to President Obama to nominate the then-Nigerian Finance Minister, Dr. Ngozi Okonjo-Iweala. That effort was noble but futile. Obama nominated Dr Jim Yong Kim, who resigned unexpectedly in January.
The global power balance that resulted from the U.S. and Allied victory in World War II resulted in the siting of the United Nations in Manhattan and the World Bank and International Monetary Fund (IMF) being headquartered in Washington, DC.
Every World Bank president since the institution was established in 1944 has been an American.
World Bank and IMF dominance by the United States and the Europe is obsolete. Future leadership of these organizations should reflect their broad constituencies.
The next World Bank president should be transitional figure who can, through streamlining and redefining the organization, pave the way for electing future heads from the wider membership. David Malpass can fulfill that role.
The Economist refers to David as “malpassive-aggressive“. It is true that he has been a frequent vocal critic of a “giant sprawl of international organizations that create mountains of debt without solving problems”.
David is correct that the World Bank needs change, reform, and reorganization. At the same time, he is a realist. His leadership within the Trump administration to provide a $13 billion capital increase for the World Bank demonstrates his underlying respect for its mission.
He believes that the institution must operate correctly, efficiently and for the benefit of neediest of countries and individuals, not middle-income nations.
David has the diplomatic skills to work with the New Development Bank (NBD), formerly known as the BRICS Development Bank, as well as compete with that Shanghai-based institution when necessary. Competition between these two institutions is good for the world!
The membership should confirm David Malpass to lead the Bank into the next era.
Ambassador Harold E. Doley, Jr. was the first United States Executive Director to the African Development Bank and Fund.
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Publish date : 2019-02-11 19:42:57