Ivanka Trump Is 'Being Considered' For a Different Role In The Administration

Ogunlesi Adebayo is the Chairman and Managing Partner at the private equity firm Global Infrastructure Partners. Pic credit

Ivanka Trump is reportedly in the running as a possible candidate to take over as head of the World Bank.

Since the former World Bank President Jim Yong Kim abruptly resigned, President Donald Trump will now have the opportunity to appoint a new person to the role.

The Treasury Department told AFP on Friday that it had no comment in potential candidates.

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.

"Formal interviews by the Executive Directors will be conducted for all shortlisted candidates with the expectation of selecting the new President before the Spring Meetings" in April, said the bank.

Ivanka Trump's previous business experience includes her work with the Trump Organization and managing her own lifestyle and fashion brand.

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Any of the 189 member countries can nominate a candidate from any country but the bank's board also specified that the candidates must support the vision for financing sustainable development.

Ivanka, 37, was the driving force behind a billion dollar Saudi-supported World Bank fund to promote entrepreneurship by women in 2017.

In a statement, the World Bank's directors said they were committed to an "open, merit-based and transparent selection process", a phrase that has become a rallying cry for opponents of American hegemony of the presidency, who say that an open process would consider non-Americans, too. The Trump Administration hates everything that The World Bank embodies.

'We are beginning the internal review process for a U.S. nominee.

In any case, the success of a USA candidate is not completely assured.

The Trump administration, which has been wary of and even hostile toward Western-led global institutions like the World Bank, will now be tasked with submitting a recommendation to the bank's board.

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