United States President Donald Trump on Wednesday (local time) nominated David Malpass for the candidature in the elections to appoint the next president of the World Bank. Washington Post reported that Malpass, a former Wall Street economist, is currently working as the undersecretary for international affairs at the Treasury Department of the US government. Jim Yong Kim resigned unexpectedly last month from his post.

India-born Indra Nooyi, the former CEO of global beverage giant PepsiCo, is being considered by the White House for the new World Bank president, according to a leading American daily. Nooyi, 63, stepped down as PepsiCo's chief last August after leading the company for 12 years. It is unclear whether Nooyi would accept the nomination if chosen by the Trump administration.

Former UN Ambassador Nikki Haley and US President Donald Trump's daughter and adviser Ivanka Trump are among possible US candidates to replace outgoing World Bank President Jim Yong Kim, The Financial Times reported Friday. Kim abruptly announced Monday he was cutting short his tenure as the bank's president more than three years before his second term was due to end.