Trump's nomination of Marsson, the top diplomat at at the Ministry of Finance, requires a vote from the Executive Board of the World Bank and may draw challengers from 188 other shareholding countries.
The United States is the largest shareholder, with 16% of the voting rights, and traditionally chose the president of the bank, but Jim Yong Kim, who resigned on February 1, faces challenges from Colombia and Nigeria in 2012. The nomination of Malpass marked the Trump administration's desire to be more firm with the World Bank. He was an economic adviser to Trump's 2016 campaign.
Marsson, deputy finance minister for international affairs, oversees the role of the United States in the World Bank and the International Monetary Fund, criticizing them for becoming bigger and bigger and more "intrusive" and "entrenched".
He also pushed the bank to reduce its loans to China, which he thought were too wealthy for such assistance because it is plaguing troubled countries in their "all in one" infrastructure construction.
Last year, as part of a $13 billion World Bank replenishment, Marsson helped negotiate reforms aimed at redirecting resources to the poorest countries and reducing lending to China.
"He's been trying to make sure that financing is focused on really needy places and projects, including people living in extreme poverty," Trump said in announcing his choice with Malpass at the White House.
Marsson said he would work hard at the White House to implement these reforms and focus on women's economic empowerment.
"I am very optimistic that we can make breakthroughs, create growth overseas, help us eradicate extreme poverty and create economic opportunities in developing countries," Malpass said.
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