Economics
Lebanon Nominates World Bank Candidate, Challenging Trump’s Pick
The World Bank headquarters stand in Washington, D.C.
Photographer: T.J. Kirkpatrick/Bloomberg
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Lebanon has nominated investment banker Ziad Hayek to be head of the World Bank, the first challenge to President Donald Trump’s pick to lead the development lender.
The Middle Eastern nation submitted the nomination in a letter to the bank’s executive board, Hayek said on Twitter, also posting a copy of the document. He is the sole challenger so far to senior Treasury official David Malpass, who was nominated this month by President Donald Trump.