World Bank helps Trump on US infrastructure plans

World Bank helps Trump on US infrastructure plans

The World Bank has begun advising the Trump administration on its infrastructure plans, the latest product of a budding relationship between first daughter Ivanka Trump and bank president Jim Yong Kim that is raising eyebrows among bank veterans and governance experts.  The unusual move grew out of an April 3 White House meeting between Mr Kim and Ms Trump to discuss a new $1bn women’s entrepreneurship fund championed by Donald Trump’s eldest daughter that the bank is trying to set up ahead of a G20 summit in Germany in July.  At the end of that April meeting Ms Trump asked whether the World Bank president wanted to meet her father and then led him to the Oval Office. There, according to people briefed on the meeting, the president was huddled with advisers discussing infrastructure plans, prompting Mr Kim to offer to help.
The unusual move grew out of an April 3 White House meeting between Mr Kim and Ms Trump to discuss a new $1bn women’s entrepreneurship fund championed by Donald Trump’s eldest daughter that the bank is trying to set up ahead of a G20 summit in Germany in July.  At the end of that April meeting Ms Trump asked whether the World Bank president wanted to meet her father and then led him to the Oval Office. There, according to people briefed on the meeting, the president was huddled with advisers discussing infrastructure plans, prompting Mr Kim to offer to help.

Read more: https://www.ft.com/content/c859c480-4425-11e7-8519-9f94ee97d996