Nikki Haley, Ivanka Trump reportedly among possible World Bank nominees

Ogunlesi Adebayo is the Chairman and Managing Partner at the private equity firm Global Infrastructure Partners. Pic credit

Ogunlesi Adebayo is the Chairman and Managing Partner at the private equity firm Global Infrastructure Partners. Pic credit

The World Bank has had 12 presidents during its existence.

However, that is likely to face a serious challenge both because President Donald Trump has shown little interest in, if not antagonism to the bank, and has upended the traditional alliances that make the agreement possible.

The World Bank Board said Thursday it would start accepting nominations for a new leader early next month and name a replacement for Kim by mid-April.

Any of the 189 member countries can nominate a candidate from any country but the bank´s board also specified that the candidates must support the vision for financing sustainable development.

World Bank CEO Kristalina Georgieva will serve as interim president.

The directors spelled out the criteria prospective candidates for the president should meet before selection.

They include a proven track record of leadership; experience of managing large organizations with worldwide exposure, and a familiarity with the public sector; the ability to articulate a clear vision of the World Bank Group's development mission; a firm commitment to and appreciation for multilateral cooperation; and effective and diplomatic communication skills, impartiality and objectivity in the performance of the responsibilities of the position.

The directors also set the deadline for the submission of nominations starting from "February 7 by 9 A.M. Eastern Standard Time (EST) and ending on March 14 by 9 A.M. EST".

A short list of three candidates is due to be released after the close of the nominating period.

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