US President Joe Biden on Thursday named former Mastercard CEO Ajay Banga as the head of the World Bank. Prior to this, David Malpass was heading the World Bank.
Former Mastercard CEO Ajay Banga may be made the new President of the World Bank. The White House has given information about this. The White House reported that President Joe Biden has announced that the United States is nominating former MasterCard CEO Ajay Banga to be the President of the World Bank. Ajay Banga has good experience of working on global challenges as well as on the challenge of climate change. Ajay Banga is the first person born in India to be nominated to head the World Bank.
David Malpass resigned last week
In fact, last week the head of the World Bank, David Malpass, had announced his resignation. After this, it was said on behalf of the World Bank that it could soon select a new president. On the appointment of the new president, Joe Biden said that Ajay Banga is competent to lead the World Bank.
Who is Ajay Banga of Indian origin
Ajay Banga is the first person of Indian origin, who has been nominated for the post of President of the World Bank. Banga’s full name is Ajaypal Singh Banga. Ajay is currently the Vice-Chairman of General Atlantic, one of the world’s largest private equity firms. Prior to this, he was the executive chairman and CEO of credit card major Mastercard. Ajay Banga has about 30 years of business experience. In addition to serving in various roles at MasterCard, he has also served on the boards of the American Red Cross, Kraft Foods, and Dow Inc.