David Malpass, the US's candidate for the presidency of the World Bank, appeared last night on track to take over the leadership of the world’s largest multilateral lender.
The Bank confirmed that no other country had put forward a rival candidate to replace Jim Yong Kim, who left the supranational, having resigned, at the start of February. Ziad Hayek, a former investment banker whom Lebanon had nominated and then withdrawn, failed in his attempt to persuade
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