Indian origin Ajay Banga was confirmed as the next President of the
World Bank. The World Bank’s 25-member executive board last night
elected former Mastercard CEO to a five-year term as president.
The Indian-born finance and development expert was charged with
revamping the lender to tackle climate change and other global crises.
Banga, 63, was nominated for the post by United States President Joe
Biden in late February and was the sole contender to replace departing
World Bank chief David Malpass, an economist and former US Treasury
official who served in the Trump administration. He will start the new
job on June 2.
Banga’s election came after World Bank board members interviewed him for
four hours on Monday. The decision came in a vote by 24 of the board’s
members, with Russia abstaining.
SOURCE ; AIR NEWS
Social media is bold.
Social media is young.
Social media raises questions.
Social media is not satisfied with an answer.
Social media looks at the big picture.
Social media is interested in every detail.
social media is curious.
Social media is free.
Social media is irreplaceable.
But never irrelevant.
Social media is you.
(With input from news agency language)
If you like this story, share it with a friend!
We are a non-profit organization. Help us financially to keep our journalism free from government and corporate pressure .
0 Comments