World Bank News

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Ajay Banga to become the new president of the World Bank

Ajay Banga has made history by becoming the World Bank’s first Indian-born president. US President Biden nominated him for the position more than two months ago, and the World Bank’s board of executive directors chose him for a five-year term on May 3, 2023. The ba...

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World Bank announces Ajay Banga as its new President

The 25-member executive board of the World Bank on Wednesday elected former Mastercard CEO Ajay Banga as president for the term of the next 5 years. As per sources, Banga will be taking charge on June 2, bringing in the specialist in finance and development to restructure the ...

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People Have To Participate In Fight Against Climate Change: PM Modi

Prime Minister Narendra Modi while addressing the World Bank’s organised conference “Making it Personal: How behavioural change can tackle climate change” called for people’s participation and collective effort to fight against climate change. He asserted that ...

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US Proposes Ajay Banga, A Former CEO Of Mastercard, To Head The World Bank

President Joe Biden announced the nomination of former Mastercard Chief Executive Officer (CEO) Ajay Banga to be the head of the World Bank on Thursday, praising his crucial expertise in global issues including climate change. The information was released just days after David...

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