About Ivanka Trump's "nearly being the president of the World Bank":

[mahatmakanejeeves]

Last edited Tue Oct 12, 2021, 02:28 PM - Edit history (1)

{edited to add "not"}

It's not that easy.

The World Bank, Organization

The World Bank is like a cooperative, made up of 189 member countries. These member countries, or shareholders, are represented by a Board of Governors, who are the ultimate policymakers at the World Bank. Generally, the governors are member countries' ministers of finance or ministers of development. They meet once a year at the Annual Meetings of the Boards of Governors of the World Bank Group and the International Monetary Fund.

The governors delegate specific duties to 25 Executive Directors, who work on-site at the Bank. The five largest shareholders appoint an executive director, while other member countries are represented by elected executive directors.

• The World Bank Group President chairs meetings of the Boards of Directors and is responsible for overall management of the Bank. The President is selected by the Board of Executive Directors for a five-year, renewable term.

• The Executive Directors make up the Boards of Directors of the World Bank. They normally meet at least twice a week to oversee the Bank's business, including approval of loans and guarantees, new policies, the administrative budget, country assistance strategies and borrowing and financial decisions.

{snip}

World Bank

{snip}

Leadership

The President of the Bank is the president of the entire World Bank Group. The president is responsible for chairing meetings of the boards of directors and for overall management of the Bank. Traditionally, the president of the Bank has always been a U.S. citizen nominated by the United States, the largest shareholder in the bank (the managing director of the International Monetary Fund having always been a European). The nominee is subject to confirmation by the board of executive directors to serve a five-year, renewable term. While most World Bank presidents have had banking experience, some have not.

The vice presidents of the Bank are its principal managers, in charge of regions, sectors, networks and functions. There are two executive vice presidents, three senior vice presidents, and 24 vice presidents.

The boards of directors consist of the World Bank Group president and 25 executive directors. The president is the presiding officer, and ordinarily has no vote except to break a tie. The executive directors as individuals cannot exercise any power or commit or represent the Bank unless the boards specifically authorized them to do so. With the term beginning 1 November 2010, the number of executive directors increased by one, to 25.

{snip}

[brush]

1. The notion is laughable. But it was trump's notion and it's just as...

laughable as him being competent as the president. All of those duties of the World Bank president, and the World Bank itself, is entirely over Ivanka trump's head of course.

[leftieNanner]

2. Aw, C'mon!

I bet she balanced her checkbook once.

Doesn't that count for "experience"?

[jimfields33]

3. He probably hoped it made news when he brought it up

Probably to change the media direction on something. He’s probably mad it didn’t do the goal.

[UTUSN]

4. Yea, what got it into the news last week was that MNUCHIN had blocked it as just a nomination that

Drumpf wanted. It wasn't about the feasibility of it, it was that MNUCHIN supposedly blocked it. The embarrassment to the country if the nomination had been made, not the mechanics of impossibility of its being voted IN.

What would have made it interesting in the original reports were: That MNUCHIN thwarted a little bit, us learning more about the inside thwarting of Drumpf going on, what exactly he did (what yelling ensued, what allies, what happened?!1 ). But the article had none of the details.

[sarcasmo]

5. Trump was salivating over the ultimate grift.