World Business

Ivanka Trump being considered for World Bank presidency: The Financial Times – The Australian Financial Review


A US Treasury department spokeswoman told the FT that it has received "a significant number of recommendations for good candidates" and was "beginning the internal review process" to make its selection.

An alternate candidate from outside of the US could emerge, the FT also said, pointing to Ngozi Okonjo-Iweala, a Nigerian economist who challenged Mr Kim for the job in 2012, Donald Kaberuka, a Rwandan economist and former president of the African Development Bank, and Sri Mulyani Indrawati, Indonesian finance minister.

Ivanka Trump does have a link to the World Bank.

In July 2017, the World Bank announced the creation of a fund, advanced by Ivanka, to provide more than $US1 billion to bolster women’s entrepreneurship and help women in developing countries gain increased access to the finance, markets, and networks necessary to start and grow a business.

"I am happy that this initiative for women presents real added value," German Chancellor Angela Merkel said at the time. "I want to sincerely thank everyone who worked on it especially the President of the World Bank Jim Yong Kim and Ivanka Trump and others."

Ivanka Trump is an advisor to her father on job creation and economic empowerment, workforce development and entrepreneurship. She's married to Jared Kushner, also an advisor to President Donald Trump.

President Trump this week signed into law the Women's Entrepreneurship and Economic Empowerment Act, which Ivanka had supported.

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