Tag Archives: Government appointments and nominations

5 things to know today

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Here are a few things to know about the day’s news from The Associated Press

Your daily look at late-breaking news, upcoming events and the stories that will be talked about today:

1. FEDERAL MONEY FOR PANDEMIC TRICKLING DOWN Congress has allocated trillions to ease the coronavirus crisis. A joint Kaiser Health News and AP investigation finds many communities with big outbreaks have spent little of that money on local public health departments.

2. GOLDEN STATE KILLER’S VICTIMS TO SPEAK Nearly three-dozen victims or survivors plan to tell their stories before Joseph James DeAngelo is formally sentenced to life in prison.

3. TRUMP RALLIES DEMOCRATS As the party gathers virtually this week to nominate Joe Biden for the presidency, party leaders and activists across the political spectrum agree on one unifying force: their desire to defeat the president.

4. VERDICTS UPCOMING IN ASSASSINATION OF FORMER LEBANESE PM A U.N.-backed tribunal in the Netherlands is announcing verdicts this week in the trial of four members of the militant group Hezbollah who were allegedly involved in the killing of Rafik Hariri.

5. CORONAVIRUS GROUNDS AIR TRAVEL Airlines are trying to convince a frightened public that measures like mandatory face masks and hospital-grade air filters make sitting in a plane safer than other indoor settings, but it isn’t working.

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World Bank official in line for top job at IMF

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A top World Bank official from Europe is in line to head the International Monetary Fund with the organization saying that there is only one person nominated for the job.

Nominations are no longer being accepted, the IMF said Monday, and the group’s executive board will conduct interviews with Kristalina Georgieva of Bulgaria. Georgieva has served since 2017 as chief executive officer of the World Bank, the IMF’s sister lending organization.

The 189-nation IMF wants to name a successor to outgoing Managing Director Christine Lagarde by Oct. 4.

Georgieva is expected to adapt similar policy stances to Lagarde, who is stepping down from the IMF this week to lead the European Central Bank.

Eswar Prasad, an economics professor at Cornell University and a former top official at the IMF, said that Georgieva “certainly has strong credentials in the world of international finance.”

But he expressed disappointment that the search for a new IMF director was not broadened to include more IMF’s member countries, including a large group of developing economies.

“The process of her selection, which was orchestrated by a set of advanced European countries with the tacit support of the U.S. still reeks of a global governance system that is dominated by advanced economics who put their interest first,” Prasad said.

Since the IMF and World Bank were founded immediately after World War II, the IMF has always been headed by a European while the World Bank has always been led by an American.

Earlier this year, the Trump administration successfully lobbied to get David Malpass, who was then serving in the administration as a top Treasury Department official, confirmed as head of the World Bank.

In addition to serving at the World Bank, Georgieva, 66, previously served as the European Union’s commissioner for human rights.

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