World bank CEO nominee: United States President Joe Biden has nominated Ajay Banga to head World Bank. Banga is the former CEO of Mastercard. The nomination came after WB’s embattled CEO announced his resignation before his term ends. (World bank CEO nominee)
White House press secretary Karine Jean-Pierre, “Raised in India, US nominee for World Bank President Ajay Banga has a unique perspective on problems that can deliver on its mission for prosperity and poverty reduction.”
White House press secretary Karine Jean-Pierre said, “the US nominated Ajay Banga to be president of the World Bank. President Biden himself said he is uniquely equipped to lead the world bank, he is a renowned business executive who has managed companies bringing jobs and investment to developing economies.”
Ajay Banga’s unique perspective
“He (Ajay Banga) has a proven track record of creating public-private partnerships. Raised in India he has a unique perspective on opportunities and challenges facing developing countries and how World Bank can deliver on its agenda for prosperity and reduce poverty,” she added.
United States President Joe Biden added, “Ajay is uniquely equipped to lead the World Bank at this critical moment in history. He has spent more than three decades building and managing successful, global companies that create jobs and bring investment to developing economies, and guiding organizations through periods of fundamental change. He has a proven track record managing people and systems, and partnering with global leaders around the world to deliver results.”
He also has critical experience mobilizing public-private resources to tackle the most urgent challenges of our time, including climate change. Raised in India, Ajay 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 in a statement.
