President Donald Trump nominated senior Treasury official David Malpass to lead the World Bank, choosing a loyalist who has been sharply critical of China and has called for a shakeup of the global economic order.

“My administration has made it a top priority to make sure U.S. taxpayers’ dollars are spent effectively and wisely,” Trump said Wednesday at the White House. “David has been a strong advocate for accountability at the World Bank for a long time.”

The nomination makes Malpass the top contender to lead the bank for a five-year term, based on the long-standing custom of an American serving as its 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,” Malpass said Wednesday at the event with Trump.

Malpass has portrayed the World Bank as too big, inefficient and reluctant to wean developing countries that grow into dynamic emerging markets. He has pushed the World Bank to lend less to China, arguing the world’s second-biggest economy has the financial resources to support itself, and has criticized Beijing for not moving fast enough to open up its markets.

The lender’s executive board, which represents the 189 member nations, has the final say in choosing the leader. The board has given countries until March 14 to put forward candidates.

The U.S. pick could provoke opposition from countries that have defended the existing global order against Trump, who rejected “the ideology of globalism” in a speech last year. It could also reignite calls for the bank to break with tradition and appoint a non-American in a recognition of the growing clout of emerging markets such as China and India.

But administration officials pushed back on Wednesday against the notion that Malpass’s views are hostile to the World Bank, noting that he played a leading role in negotiations that led to a $13-billion capital increase for the bank last year. Treasury Secretary Steven Mnuchin has reached out to other countries to press the case, and other governments have been receptive to Malpass’s candidacy, the officials said.

Malpass, 62, is a Trump loyalist who joined his presidential campaign early as an economic adviser. As undersecretary of international affairs at the Treasury, he has enthusiastically supported Trump’s agenda of tax cuts and deregulation to bolster economic growth.

He has also echoed the president’s doubts about international cooperation, declaring that “multilateralism has gone substantially too far” by straying from the “values oflimited government, freedom and the rule of law.”

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