[Washington Examiner] President Trump has chosen David Malpass to lead the World Bank for the next five years. Malpass currently serves as the undersecretary of the Treasury for international affairs. He has been a critic of the World Bank in the past, and as such his nomination has generated controversy.Malpass’ doubts about the effectiveness of the World Bank makes this a good time to revisit how it intentionally overstated world poverty in order to get more money from American taxpayers, then fired the employee who wouldn’t play along with the scam.
This situation has cost American taxpayers about $2 billion each year for most of the last decade. And we only know about it because of a whistleblower at the World Bank named Dr. Yonas Biru, an outstanding Ethiopian economist whom I represent, who was fired for failing to play along and insisting upon telling the truth.
