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NOTHING IS PERMANENT EXCEPT CHANGE

On February 6, U.S. President Donald Trump nominated David Malpass, a U.S. Treasury official, to succeed Kim at the bank’s helm. Other countries have until mid-March to put forward their own candidates, but the United States controls 16 percent of votes in the executive board, giving Malpass every chance of becoming the latest in a long line of American leaders at the bank.

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