The Trump administration has notified World Bank shareholders that President Donald Trump intends to pick senior Treasury Department official David Malpass as the U.S. nominee to lead the development lender, people familiar with the decision told CNBC and Reuters on Monday.
The nomination of Malpass would put a Trump loyalist and a skeptic of multilateral institutions in line to lead the world's largest development lender. Politico, which first reported the decision, said it would be announced on Wednesday, citing unidentified administration officials.
A White House spokeswoman declined comment to Reuters, and a spokesman for the U.S. Treasury did not respond to queries about the decision.
A senior administration official told CNBC that Trump "really liked" Malpass' experience.
"David has been covering the World Bank and inserting himself in World Bank matters for decades. The president likes Malpass, he served in his campaign and transition," the official said. "He shares the president's views. Malpass knows the World Bank senior staff and a lot of the senior staff support him."
A European diplomatic source said the Trump administration had notified several capitals of the Malpass nomination, adding that European shareholders of the bank were not likely to block it.
Malpass or any other U.S. nominee would still need to win approval from the World Bank's 12-member executive board. While the United States controls the largest share of board voting power and has traditionally chosen the World Bank's leader, challengers could emerge.