U.S. President Donald Trump on Wednesday nominated senior Treasury Department official David Malpass, seen as a China hawk, as the next president of the World Bank.If approved by the board of executive directors of the Washington-based development institution, Malpass, undersecretary of the Treasury for international affairs, would succeed Jim Yong Kim who stepped down Feb. 1.[Getty/Kyodo]Announcing his pick at the White House, Trump said Malpass would make sure U.S. taxpayer dollars are spent "effectively and wisely," and that he would focus on people living in extreme poverty and empoweri…READ FULL ARTICLE
