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Biden nominates Indian born Ajay Banga to lead World Bank

BNE News Desk , February 24, 2023
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New Delhi: Ajay Banga a person of Indian-American origin is set to head the World Bank.

Former Mastercard Chief Executive Officer Ajay Banga has been nominated by the US president Joe Biden to be the next chief of the World Bank.

Banga would be the first Indian-American to head either of the two top international financial institutions: International Monetary Fund and the World Bank.

Raised in India, Banga has a unique perspective on the opportunities and challenges facing developing countries and how the World Bank can deliver on its ambitious agenda to reduce poverty and expand prosperity, President Biden said.

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