World Bank says its board elected US nominee Ajay Banga as next president

World Bank says its committee elected US nominee Ajay Banga arsenic adjacent president

The World Bank's 25-member enforcement committee connected Wednesday elected erstwhile Mastercard CEO Ajay Banga to a five-year word arsenic president, effectual June 2, ushering successful an Indian-born concern and improvement adept charged with revamping the lender to tackle clime alteration and different planetary crises.

Banga, 63, was nominated for the station by US President Joe Biden successful precocious February and was the sole contender to regenerate departing World Bank main David Malpass, an economist and erstwhile US Treasury authoritative during the Trump administration.