Trump picks World Bank critic Malpass to lead institution

President Donald Trump is expected to tap Treasury Department official David Malpass as the U.S. pick to lead the World Bank, according to senior administration officials, a clear sign the administration wants to rein in the international financial institution.

Malpass, Treasury’s undersecretary for international affairs, has said global organizations like the World Bank “have grown larger and more intrusive” and “the challenge of refocusing them has become urgent and more difficult.”