Indian-American businessman Ajay Banga Is Nominated to Lead World Bank by Joe Biden
● According to US officials, Mr. Banga has the expertise to assist the bank in collaborating with the private sector to achieve its objectives. ● David Malpass, the President of the World Bank Group, nominated by former US President Donald Trump, said that he would be leaving the organization earlier this month. ● Environmental advocates had attacked David Malpass for taking too long to direct the bank's resources toward addressing climate change.
US president Jo Biden is going to nominate the former Mastercard boss Ajay Banga to lead the World Bank (GETTY IMAGES)
Mr. Ajay Banga (Ajaypal Singh Banga), the former boss of Mastercard with decades of experience on Wall Street who was raised in India has been nominated to lead the World Bank by US president Jo Biden.
US officials said that Mr. Banga has the ability to shift its focus to the climate crisis and can assist the bank work with the private sector toward its objectives.
To appoint the next head fully depends on the bank's board.
On Wednesday, the bank board announced that they planned to interview a shortlist of up to three candidates and have also planned to announce the new leader by early May.
