Sunday, 02 Feb 2025

Joe Biden nominates former Mastercard boss Ajay Banga to lead World Bank

Joe Biden nominates former Mastercard boss Ajay Banga to lead World Bank


Joe Biden nominates former Mastercard boss Ajay Banga to lead World Bank
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Malpass upset the Biden administration when he appeared to question the extent to which humans had contributed to global heating.

Biden said he wanted Banga to use his decades of experience on Wall Street to support private-sector lending to countries in the developing world.

Raised in India, Banga is expected to appeal to many developing world leaders as an executive bringing financial acumen to the job and a strong relationship to the Biden administration.

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