Ivanka Trump and Nicky Hayley are candidates for the presidency of the World Bank
12 January 2019

The names of former United States Ambassador to the United Nations Nicky Hailey, the daughter of US President Donald Trump and his adviser Ivanka, are on the list of candidates for the post of World Bank president to replace outgoing Kim Jong-kim, the Financial Times reported.

In addition to Ivanka and Haili, who resigned as Washington’s ambassador to the UN Security Council last month, other names are being traded, including US Assistant Secretary of State for International Affairs David Malpas and Mark Green, president of the US Agency for International Development.

And last Monday, Kim suddenly announced his resignation from the helm of the bank more than three years after the end of his second term.

"It was a great honor for me to serve for six years as president of this unique institution full of people who are dedicated to their work and dedicated to their mission of eradicating poverty," said Jim Young-Kim,

He said he planned to "join a company and wants to focus on infrastructure investments in developing countries."

World Bank Chief Executive Cristalina Georgieva is due to be interim president after Kim leaves and even elects a new president.

"The ministry has received a large number of nominations," a spokesman for the US Treasury Department said on Friday.

"We have begun an internal review process on a US candidate, we look forward to working with the governors to choose a new president," he said.

Under a non-written agreement, the United States, the largest shareholder in the fund, has always chosen a bank president since its establishment in the wake of the Second World War.

On Thursday, the World Bank Council said it would begin accepting nominations for the bank’s presidency early next month and would announce a successor to Kim by mid-April.