New Delhi: World Bank on Thursday confirmed that Indian American businessman Ajay Banga is the sole nominee for the international lender’s presidency, news agency AFP reported.
The global institution’s confirmation comes after the nomination period for the post closed on Wednesday and no country proposed an alternate candidate for the presidency.
According to the report, while no countries apart from the US have announced candidates, Washington-based World Bank rules allow member nations to make nominations during the window that closed on Wednesday afternoon without making them public.
Earlier in February, President Joe Biden announced that the US would be nominating Ajay Banga to lead the World Bank as he is “well equipped” to lead the global institution at “this critical moment in history.”
The former Mastercard Inc. chief, Ajay Banga currently serves as Vice Chairman at General Atlantic.
“Over the next few months, you will see the World Bank undergo an important transition. We expect that Ajay Banga – President Biden’s nominee – will be elected President of the World Bank,” US Treasury Secretary Janet Yellen told lawmakers at a Congressional hearing on Wednesday.
Banga, who has built a long career in the private sector, especially in finance and banking, has highlighted the perspective he could bring to the job from his upbringing and education in India, as well as his commitment to climate science and his belief that poverty and environmental issues are intertwined.
It is to be noted that 63-year-old Ajay Banga spent most of the past month on a global tour to creditor and borrower nations to build support for his nomination. That included stops in China, Kenya, and Ivory Coast, as well as the UK, Belgium, Panama, and his native India.
Banga served as vice chairman at US investment firm General Atlantic LP. Before that, he spent a decade as president and chief executive officer of Mastercard. He also held various positions at Citigroup Inc., including as CEO of the Asia-Pacific region.
New Delhi: World Bank on Thursday confirmed that Indian American businessman Ajay Banga is the sole nominee for the international lender’s presidency, news agency AFP reported.
The global institution’s confirmation comes after the nomination period for the post closed on Wednesday and no country proposed an alternate candidate for the presidency.
According to the report, while no countries apart from the US have announced candidates, Washington-based World Bank rules allow member nations to make nominations during the window that closed on Wednesday afternoon without making them public.
Earlier in February, President Joe Biden announced that the US would be nominating Ajay Banga to lead the World Bank as he is “well equipped” to lead the global institution at “this critical moment in history.”
The former Mastercard Inc. chief, Ajay Banga currently serves as Vice Chairman at General Atlantic.
“Over the next few months, you will see the World Bank undergo an important transition. We expect that Ajay Banga – President Biden’s nominee – will be elected President of the World Bank,” US Treasury Secretary Janet Yellen told lawmakers at a Congressional hearing on Wednesday.
Banga, who has built a long career in the private sector, especially in finance and banking, has highlighted the perspective he could bring to the job from his upbringing and education in India, as well as his commitment to climate science and his belief that poverty and environmental issues are intertwined.
It is to be noted that 63-year-old Ajay Banga spent most of the past month on a global tour to creditor and borrower nations to build support for his nomination. That included stops in China, Kenya, and Ivory Coast, as well as the UK, Belgium, Panama, and his native India.
Banga served as vice chairman at US investment firm General Atlantic LP. Before that, he spent a decade as president and chief executive officer of Mastercard. He also held various positions at Citigroup Inc., including as CEO of the Asia-Pacific region.
New Delhi: World Bank on Thursday confirmed that Indian American businessman Ajay Banga is the sole nominee for the international lender’s presidency, news agency AFP reported.
The global institution’s confirmation comes after the nomination period for the post closed on Wednesday and no country proposed an alternate candidate for the presidency.
According to the report, while no countries apart from the US have announced candidates, Washington-based World Bank rules allow member nations to make nominations during the window that closed on Wednesday afternoon without making them public.
Earlier in February, President Joe Biden announced that the US would be nominating Ajay Banga to lead the World Bank as he is “well equipped” to lead the global institution at “this critical moment in history.”
The former Mastercard Inc. chief, Ajay Banga currently serves as Vice Chairman at General Atlantic.
“Over the next few months, you will see the World Bank undergo an important transition. We expect that Ajay Banga – President Biden’s nominee – will be elected President of the World Bank,” US Treasury Secretary Janet Yellen told lawmakers at a Congressional hearing on Wednesday.
Banga, who has built a long career in the private sector, especially in finance and banking, has highlighted the perspective he could bring to the job from his upbringing and education in India, as well as his commitment to climate science and his belief that poverty and environmental issues are intertwined.
It is to be noted that 63-year-old Ajay Banga spent most of the past month on a global tour to creditor and borrower nations to build support for his nomination. That included stops in China, Kenya, and Ivory Coast, as well as the UK, Belgium, Panama, and his native India.
Banga served as vice chairman at US investment firm General Atlantic LP. Before that, he spent a decade as president and chief executive officer of Mastercard. He also held various positions at Citigroup Inc., including as CEO of the Asia-Pacific region.
New Delhi: World Bank on Thursday confirmed that Indian American businessman Ajay Banga is the sole nominee for the international lender’s presidency, news agency AFP reported.
The global institution’s confirmation comes after the nomination period for the post closed on Wednesday and no country proposed an alternate candidate for the presidency.
According to the report, while no countries apart from the US have announced candidates, Washington-based World Bank rules allow member nations to make nominations during the window that closed on Wednesday afternoon without making them public.
Earlier in February, President Joe Biden announced that the US would be nominating Ajay Banga to lead the World Bank as he is “well equipped” to lead the global institution at “this critical moment in history.”
The former Mastercard Inc. chief, Ajay Banga currently serves as Vice Chairman at General Atlantic.
“Over the next few months, you will see the World Bank undergo an important transition. We expect that Ajay Banga – President Biden’s nominee – will be elected President of the World Bank,” US Treasury Secretary Janet Yellen told lawmakers at a Congressional hearing on Wednesday.
Banga, who has built a long career in the private sector, especially in finance and banking, has highlighted the perspective he could bring to the job from his upbringing and education in India, as well as his commitment to climate science and his belief that poverty and environmental issues are intertwined.
It is to be noted that 63-year-old Ajay Banga spent most of the past month on a global tour to creditor and borrower nations to build support for his nomination. That included stops in China, Kenya, and Ivory Coast, as well as the UK, Belgium, Panama, and his native India.
Banga served as vice chairman at US investment firm General Atlantic LP. Before that, he spent a decade as president and chief executive officer of Mastercard. He also held various positions at Citigroup Inc., including as CEO of the Asia-Pacific region.
New Delhi: World Bank on Thursday confirmed that Indian American businessman Ajay Banga is the sole nominee for the international lender’s presidency, news agency AFP reported.
The global institution’s confirmation comes after the nomination period for the post closed on Wednesday and no country proposed an alternate candidate for the presidency.
According to the report, while no countries apart from the US have announced candidates, Washington-based World Bank rules allow member nations to make nominations during the window that closed on Wednesday afternoon without making them public.
Earlier in February, President Joe Biden announced that the US would be nominating Ajay Banga to lead the World Bank as he is “well equipped” to lead the global institution at “this critical moment in history.”
The former Mastercard Inc. chief, Ajay Banga currently serves as Vice Chairman at General Atlantic.
“Over the next few months, you will see the World Bank undergo an important transition. We expect that Ajay Banga – President Biden’s nominee – will be elected President of the World Bank,” US Treasury Secretary Janet Yellen told lawmakers at a Congressional hearing on Wednesday.
Banga, who has built a long career in the private sector, especially in finance and banking, has highlighted the perspective he could bring to the job from his upbringing and education in India, as well as his commitment to climate science and his belief that poverty and environmental issues are intertwined.
It is to be noted that 63-year-old Ajay Banga spent most of the past month on a global tour to creditor and borrower nations to build support for his nomination. That included stops in China, Kenya, and Ivory Coast, as well as the UK, Belgium, Panama, and his native India.
Banga served as vice chairman at US investment firm General Atlantic LP. Before that, he spent a decade as president and chief executive officer of Mastercard. He also held various positions at Citigroup Inc., including as CEO of the Asia-Pacific region.
New Delhi: World Bank on Thursday confirmed that Indian American businessman Ajay Banga is the sole nominee for the international lender’s presidency, news agency AFP reported.
The global institution’s confirmation comes after the nomination period for the post closed on Wednesday and no country proposed an alternate candidate for the presidency.
According to the report, while no countries apart from the US have announced candidates, Washington-based World Bank rules allow member nations to make nominations during the window that closed on Wednesday afternoon without making them public.
Earlier in February, President Joe Biden announced that the US would be nominating Ajay Banga to lead the World Bank as he is “well equipped” to lead the global institution at “this critical moment in history.”
The former Mastercard Inc. chief, Ajay Banga currently serves as Vice Chairman at General Atlantic.
“Over the next few months, you will see the World Bank undergo an important transition. We expect that Ajay Banga – President Biden’s nominee – will be elected President of the World Bank,” US Treasury Secretary Janet Yellen told lawmakers at a Congressional hearing on Wednesday.
Banga, who has built a long career in the private sector, especially in finance and banking, has highlighted the perspective he could bring to the job from his upbringing and education in India, as well as his commitment to climate science and his belief that poverty and environmental issues are intertwined.
It is to be noted that 63-year-old Ajay Banga spent most of the past month on a global tour to creditor and borrower nations to build support for his nomination. That included stops in China, Kenya, and Ivory Coast, as well as the UK, Belgium, Panama, and his native India.
Banga served as vice chairman at US investment firm General Atlantic LP. Before that, he spent a decade as president and chief executive officer of Mastercard. He also held various positions at Citigroup Inc., including as CEO of the Asia-Pacific region.
New Delhi: World Bank on Thursday confirmed that Indian American businessman Ajay Banga is the sole nominee for the international lender’s presidency, news agency AFP reported.
The global institution’s confirmation comes after the nomination period for the post closed on Wednesday and no country proposed an alternate candidate for the presidency.
According to the report, while no countries apart from the US have announced candidates, Washington-based World Bank rules allow member nations to make nominations during the window that closed on Wednesday afternoon without making them public.
Earlier in February, President Joe Biden announced that the US would be nominating Ajay Banga to lead the World Bank as he is “well equipped” to lead the global institution at “this critical moment in history.”
The former Mastercard Inc. chief, Ajay Banga currently serves as Vice Chairman at General Atlantic.
“Over the next few months, you will see the World Bank undergo an important transition. We expect that Ajay Banga – President Biden’s nominee – will be elected President of the World Bank,” US Treasury Secretary Janet Yellen told lawmakers at a Congressional hearing on Wednesday.
Banga, who has built a long career in the private sector, especially in finance and banking, has highlighted the perspective he could bring to the job from his upbringing and education in India, as well as his commitment to climate science and his belief that poverty and environmental issues are intertwined.
It is to be noted that 63-year-old Ajay Banga spent most of the past month on a global tour to creditor and borrower nations to build support for his nomination. That included stops in China, Kenya, and Ivory Coast, as well as the UK, Belgium, Panama, and his native India.
Banga served as vice chairman at US investment firm General Atlantic LP. Before that, he spent a decade as president and chief executive officer of Mastercard. He also held various positions at Citigroup Inc., including as CEO of the Asia-Pacific region.
New Delhi: World Bank on Thursday confirmed that Indian American businessman Ajay Banga is the sole nominee for the international lender’s presidency, news agency AFP reported.
The global institution’s confirmation comes after the nomination period for the post closed on Wednesday and no country proposed an alternate candidate for the presidency.
According to the report, while no countries apart from the US have announced candidates, Washington-based World Bank rules allow member nations to make nominations during the window that closed on Wednesday afternoon without making them public.
Earlier in February, President Joe Biden announced that the US would be nominating Ajay Banga to lead the World Bank as he is “well equipped” to lead the global institution at “this critical moment in history.”
The former Mastercard Inc. chief, Ajay Banga currently serves as Vice Chairman at General Atlantic.
“Over the next few months, you will see the World Bank undergo an important transition. We expect that Ajay Banga – President Biden’s nominee – will be elected President of the World Bank,” US Treasury Secretary Janet Yellen told lawmakers at a Congressional hearing on Wednesday.
Banga, who has built a long career in the private sector, especially in finance and banking, has highlighted the perspective he could bring to the job from his upbringing and education in India, as well as his commitment to climate science and his belief that poverty and environmental issues are intertwined.
It is to be noted that 63-year-old Ajay Banga spent most of the past month on a global tour to creditor and borrower nations to build support for his nomination. That included stops in China, Kenya, and Ivory Coast, as well as the UK, Belgium, Panama, and his native India.
Banga served as vice chairman at US investment firm General Atlantic LP. Before that, he spent a decade as president and chief executive officer of Mastercard. He also held various positions at Citigroup Inc., including as CEO of the Asia-Pacific region.
