President Donald Trump has nominated an outspoken World Bank critic, David Malpass, to head the development fund.
Malpass is a former Wall Street banker. He currently serves as undersecretary for international affairs at the US Treasury.He’s a well-known critic of the World Bank, particularly with regard to its actions towards China and swollen in its expenses.
However, his nomination still has to be confirmed by the World Bank’s board of directors.
“My administration has made it a top priority to ensure that US taxpayers’ dollars are spent effectively and wisely, serve American interests and defend American values,” Trump said commenting on the decision. “David has been a strong advocate for accountability at the World Bank for a long time.”
Opponents of Trump’s decision already claimed that Malpass would use the post to undermine the bank and its policies towards developing nations.
In fact, by this move, the US President continues to employ his course, which is focused on the US national industriy development and the strengthening of the US economic and military capabilities as the most powerful state around the world. This course is in contrary to the nego-globalist vision of the US role on the international stage. This faction sees the US influence as a useful tool to erase national borders in favrour of interests of the global capital.
There are many critics of Trump’s approaches.
However, it’s hard to deny that the US President consistently realizes his strategy to strengthen the US national power and to defend interests of the part of US population, which links its future with the state. Even some controversial moves are mostly motivated by economic goals of the Trump adminsitration. In particular, the INF withdrawal is a useful setp to saturate the military-industrial complex and thus the US economy with money. At the same time, Washington faces only minor military risks because in the event of the escalation the main conflict will take place in Europe.
In the future, Trump will likely continue to contribute efforts in the aforementioned direction strengthening his positions even in bodies, like the World Bank, which have been designed to defend interests of the global capital. Some voices raise concerns that in the case of success in the field of combating the globalists, Trump may become a target of assassination attempts.