Donald Trump’s pick for World Bank president, David Malpass, has officially been approved for the role.
Mr Malpass, a Trump loyalist, was a senior economic adviser to the US president during his 2016 election campaign.
His appointment has stirred debate, as some worry that Mr Malpass, a critic of the bank, will seek to reduce its role.
In February White House officials said Mr Malpass, a long-time Republican, would be a “pro-growth reformer”.
Mr Malpass said he was “honoured” by the appointment.
“Our twin goals of eliminating extreme poverty and achieving shared prosperity are more relevant than ever,” he said.
The former Bear Sterns economist has criticised the World Bank in the past, along with other multilateral institutions such as the International Monetary Fund (IMF), for being “intrusive” and “entrenched”.