Transcript - Remarks: Donald Trump Announces David Malpass as Candidate for World Bank - February 6, 2019 | Factba.se

Donald Trump

00:00:00 - 00:00:22 (22 sec)

Hi, everybody. Thank you very much. And it's a lot of fun for me doing this one, because we're dealing with a very special man, a very special person. Today, it's my pleasure to announce my choice for the next president of the World Bank: Mr. David Malpass. And I've known David for a long time. A very extraordinary man.

Donald Trump

00:00:22 - 00:00:57 (35 sec)

With us today are David’s wife, Adele, as well as his three children: Robert, Emily, Julia. And I want thank you all for being here, and I want to congratulate you all. Thank you. Thank you very much. [Applause] We're also pleased to be joined today by Secretary Steven Mnuchin, Wilbur Ross, Alex Acosta, Ben Carson, as well as Ambassador Bob Lighthizer, who's right now negotiating with China.

Donald Trump

00:00:57 - 00:01:19 (22 sec)

How you doing? Where's Bob? How you doing with China, Bob? Give them some breaking news. [Laughter] It's going well. Administrator Linda McMahon. And Treasurer Jovita Carranza. Thank you all for being here. Thank you. Thank you very much. And Ivanka Trump, in case anybody missed. [Applause] And Kellyanne.

Donald Trump

00:01:19 - 00:02:04 (45 sec)

And a lot of great people. Following the resignation of former president of the World Bank, Dr. Jim Yong Kim, I launched a broad search for a replacement. After interviewing many very qualified candidates, I knew that David was the right person to take this incredibly important job. In addition to his current service overseeing the IMF and, actually, overseeing the World Bank as Undersecretary of International Affairs at the Department of the Treasury, David brings 40 years of experience in economics, finance, government, and foreign policy to his new assignment.

Donald Trump

00:02:04 - 00:02:34 (31 sec)

After receiving a degree in International Economics from Georgetown University’s prestigious School of Foreign Service, David served as Deputy Assistant Secretary of the Treasury under President Ronald Reagan and Deputy Assistant Secretary of State under President George H.W. Bush. He distinguished himself as Staff Director of the Joint Economic Committee of the United States Congress.

Donald Trump

00:02:34 - 00:03:03 (29 sec)

And he was named to the boards of many notable institutions and charities -- highly respected man -- including the Council of the Americas and the Economic Club of New York. The Wall Street Journal just said today in an editorial that David Malpass is an "excellent choice," which is true. America is the largest contributor to the World Bank, giving over $1 billion every year.

Donald Trump

00:03:03 - 00:03:33 (30 sec)

My administration has made it a top priority to ensure that U.S. taxpayers' dollars are spent effectively and wisely, serve American interests, and defend American values. David has been a strong advocate for accountability at the World Bank for a long time. He has fought to ensure financing is focused on the places and projects that truly need assistance, including people living in extreme poverty.

Donald Trump

00:03:33 - 00:04:01 (28 sec)

David was also critical of the creation of the World Bank’s Women Entrepreneur. And they know –- you know about the World Bank’s Women's Entrepreneurs Finance Initiatives. And he will make it a priority to continue empowering women all across the globe. It's a very important thing -- and it's a very important part, if it's properly handled -- done by the World Bank.

Donald Trump

00:04:01 - 00:04:21 (20 sec)

I am certain that there could be no better candidate to lead the World Bank than David. And we want to just thank David. He's been with me for a long time. He's been a supporter for a long time -- a supporter in a financial sense. Even before I ran, he liked -- he liked the job I did. I like those people somehow.

Donald Trump

00:04:21 - 00:04:43 (23 sec)

But he's just a highly respected man, a brilliant man. And he's going to do very well. We'll be very proud of him. So I want to just introduce to the media -- say a few words -- David Malpass. [Applause]

David Malpass

00:04:43 - 00:05:13 (30 sec)

Thank you so very much, President Trump, for your confidence in selecting me to lead the World Bank, the world's premier development institution. It's an incredible honor. I'd like to also thank my family that's here today, Adele and my terrific children. I'd like to acknowledge all my friends and colleagues here -- everyone, please -- and especially, Secretary Mnuchin, Larry Kudlow, and Ivanka Trump.

David Malpass

00:05:13 - 00:05:36 (24 sec)

Working with Secretary Mnuchin at Treasury, I'm proud to say that, under your administration, Mr. President, we negotiated a major capital increase and reform package for the World Bank. With shareholders and dedicated staff, there's a great opportunity now to implement these constructive reforms that will lead to faster growth and greater prosperity.

David Malpass

00:05:36 - 00:06:13 (36 sec)

I want to also note that a key goal will be ensure that women achieve full participation in developing economies. I know Ivanka has been a strong leader on women's economic empowerment, and I look forward to continuing our work together on her Women's Global Development and Prosperity Initiative. Mr. President, I'm very optimistic that we can achieve breakthroughs to create growth abroad that will help us combat extreme poverty and increase economic opportunities in the developing world.

David Malpass

00:06:13 - 00:06:15 (2 sec)

Thank you again, Mr. President, for this great honor. [Applause]

Donald Trump

00:06:15 - 00:06:16 (1 sec)

Thank you very much.

Question

00:06:16 - 00:06:42 (26 sec)

Mr. President, can we ask you about your speech last night, sir? Sir, during your speech last night, you decried what you call "ridiculous political [Sic] investigations." Yet, this morning, the Chairman of the House Intelligence Committee, Adam Schiff, said he was going to launch a deep investigation into not only Russia but your personal --

Donald Trump

00:06:42 - 00:06:43 (1 sec)

Did you say Adam Schiff?

Question

00:06:43 - 00:06:44 (0 sec)

Donald Trump

00:06:44 - 00:06:45 (1 sec)

Oh. Never heard of him.

Question

00:06:45 - 00:06:47 (2 sec)

Said that he would --

Donald Trump

00:06:47 - 00:06:51 (4 sec)

That wouldn't be partisan, would it? Would that be partisan? No.

Question

00:06:51 - 00:06:55 (4 sec)

But not only into Russia but into your personal financial transactions. Can we get your reaction?

Donald Trump

00:06:55 - 00:07:14 (19 sec)

And on what basis would he do that? He has no basis to do that. He's just a political hack who's trying to build a name for himself. And I think that's fine because that's what they do. But there would be no reason to do that. No other politician has to go through that. It's called "presidential harassment," and it's unfortunate.

Donald Trump

00:07:14 - 00:07:38 (24 sec)

And it really does hurt our country. I just want to say that I was very honored by the statements made about the speech last night. We were -- we worked hard on it. And we love our country. It was a very important -- it was very important, I think, for me to get up and say some powerful words, also some loving words, and some words of compromise.

Donald Trump

00:07:38 - 00:07:54 (15 sec)

And it's been very well received. The speech, I think, has been very well received. In some cases, incredibly well received. And I just want to thank all of those people that said such nice things about the job we did last night. Thank you very much. Thank you.