The US appoints the World Bank president, while Europe selects the president of the IMF.

Name: The US appoints the World Bank president, while Europe selects the president of the IMF.
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Traditionally, the president of the World Bank has been nominated by the United States, while the managing director of the International Monetary Fund (IMF) has been selected by European countries. This arrangement reflects an informal agreement among the member countries of these institutions.

The US Appoints the World Bank President, While Europe Selects