• Reuters

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David Malpass, U.S. President Donald Trump’s nominee to lead the World Bank, won unanimous approval from the institution’s executive board on Friday, continuing the 73-year tradition of an American running the world’s largest development lender.

The bank said that Malpass, the U.S. Treasury’s undersecretary for international affairs, will start his new role on Tuesday as the World Bank and International Monetary Fund Spring Meetings get underway.

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