let me first say that it was exactly david malpass that was charged to lead the negotiations on capitalthe world bank. he is the one that signed on a package that includes focus on climate change, on fragility, on gender equality, and also includes what i believe is actually right — a gradual shift of more resources of the world bank where we are needed the most, in the most vulnerable, poorer countries. but we also continue to be committed to lending to our better—off borrowers, and you would ask why. and the answer is twofold. 0ne, financial answer. we are a bank. we cannot put all our money only in high—risk destinations, as you wouldn't want your bank to do. and, two, in better off countries, we actually learn, and we are this incredible transmission line of lessons from one place to another. 0ur countries in africa, in the rest of the — in the poorer asia, they want us to know how things are done in other places. well, you've gone quite deep into your investment strategy there, and i want to come back to it. but before we do that, i must stay on politics — i mean, you're a great po

eswar: there has been virtually no objection by any country for david malpass, and the one candidateby another country has been withdrawn, so there seems to be no organized organization to having david malpass as the sole nominee. there could be other nominees that come out of the woodwork before the deadline, but i do not get a sense of countries around the world coming together against david malpass, which suggests a sorry state of affairs, that even within the context of the world bank that many countries care about, there does not seem to be any group of countries that seems willing to take on this battle against the trump administration for fear of implications of american hostility toward those countries. david: thank you so much. that was eswar prasad. from new york, this is bloomberg. ♪ david: the nokia ration of a new president gets more elaborate every time it happens and donald trump's was no exception with supporters flying in from all over the country, but this president was especially interested in the details. why are we so fascinated with his role in this? >> a few th

incoming head of the operation, that is your boss to be, because you are the interim president, but david malpassill be the president, he has said in the recent past, he described the world bank as intrusive, he said multilateralism has gone substantially to fire, he said your operations are not very efficient, often you are corrupt in your lending practices and the benefits do not get to actual people in the countries on the ground. he is your boss. he does not like the way you have operated for years. which is why we needed to spend some time and talk about what has the world bank done to be more efficient, to be more focused on where the needs are most severe, and what i would tell you from my experience is that when you are clear that you want to do more for the most vulnerable, and you have a pathway, you can demonstrate you are doing it. when you are clear that we are tightening our belts so that we can squeeze more from the are tightening our belts so that we can squeeze more from the resources we have, you can convince people, and this is how we convince all our shareholders, including th