![]() ![]() Mnuchin often placed himself between the president and what the Treasury secretary saw as colossally counterproductive moves. president.”įrom the moment her father won the presidential election, Ivanka has been wrapped up in controversy: She falsely testified that she was uninvolved in the 2017 inauguration (a lawsuit alleged that the Inaugural Committee overpaid for event space at the Trump International Hotel in D.C.) she and her husband, fellow presidential adviser Jared Kushner, earned hundreds of millions in outside income while working in the White House and her Women Entrepreneurs Finance Initiative was ultimately a flop. But maybe would not have wanted to provoke the U.S. I have to think as a candidate she would have encountered some resistance. It would be the worst kind of exercise of U.S. “It’s hard to imagine that she would have been viewed as a credible leader. development policy program at the Center for Global Development in D.C. “That’s a very thin base to try to establish credibility in this multilateral institution,” said Scott Morris, director of the U.S. “She’s worked closely with the World Bank’s leadership for the past two years,” Ditto said.īut that initiative still left her pretty light on experience. It was her work on the Women Entrepreneurs Finance Initiative that White House spokesperson Jessica Ditto cited in explaining Ivanka’s qualification for selecting the next World Bank leader. ![]() Once in 1600 Pennsylvania Avenue, Ivanka helped launch the Women Entrepreneurs Finance Initiative, colloquially known as the “Ivanka Fund”: a World Bank-supported project to raise money for female entrepreneurs in developing nations. She also launched her own line of fashion products which, according to 2019 financial disclosures, reportedly brought in between $100,000 and $1,000,000 in rent or royalties. Prior to her role at White House adviser, Ivanka spent 12 years at the Trump Organization as executive vice president of development and acquisitions. has always led the prerogative to name the bank’s president in an informal agreement with European leaders, who are given the job of naming the head of the International Monetary Fund (an arrangement that rather bluntly underscores the Western imperial nature of the international financial institutions). Since the World Bank’s creation in 1944, the U.S. When the Treasury Department announced Under Secretary of the Treasury for International Affairs David Malpass as the World Bank’s new president, Ivanka released a statement predicting Malpass would be “an extraordinary leader of the World Bank.” (Malpass was in fact a controversial pick, due in large part to his past criticisms of the World Bank.) Ivanka Trump did, however, aid Treasury Secretary Steven Mnuchin and White House Chief of Staff Mick Mulvaney in the selection process. That never came to fruition, though, with Ivanka later telling reporters that though her father had raised the subject, she declined to pursue the position as she was “happy with the work” she was doing as his senior adviser. For an institution that was already struggling with heightened competition from China and private capital, Kim’s departure - which came as a total surprise - was seen as a setback, as it handed an opportunity to choose a new leader to President Donald Trump, creating worries that the America First champion would pick somebody ill suited for the global role.Īs the White House moved to select its new leader, one name very dear to Trump’s heart kept floating around: his daughter Ivanka Trump. In January 2019, Jim Yong Kim threw the global financial development sector into a state of disarray: The former academic and health official announced he would be stepping down the following month from his role as president of the World Bank, opting instead for a cushier gig at a Wall Street private equity firm. ![]()
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