David Malpass, the Treasury official nominated by President Donald Trump to head the World Bank, was elected to the job on Friday.
Malpass was approved unanimously by the bank's 25-member executive board on Friday. He will begin a five-year term Jim Yong Kim, an Obama administration pick who stepped down earlier this year, three years before his term was to end.
Malpass was serving in the Trump administration as Treasury's under secretary of international affairs. He has been a longtime critics of the World Bank and its sister lending organization, the International Monetary Fund.