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Ajay Banga of Indian origin will become the Unopposed President of the World Bank

Published on March 31, 2023
Current Context: America has selected Ajay Banga to head the World Bank.With this decision, it is almost certain that Mr. Banga will become the new president of this international institution. The responsibility of the main work of this institution has always been given to the candidate of America
Ajay Banga of Indian origin will become the Unopposed President of the World Bank
  • Mr. Banga will hold the special responsibility relating to poverty alleviation lenders. Under this, an amount of about 100 billion dollars is allocated annually.
  • The United States is among countries pushing for reforms of the multilateral development banks to make more climate finance available to developing countries.
  • The President of the World Bank Group is responsible for chairing the meetings of the boards of directors and for overall management of the World Bank Group1. The nominee is subject to confirmation by the Board of Executive Directors, to serve for a five-year, renewable term.

Question:

Q.1 What is the name of the Indian-American business executive who has been nominated by US President Joe Biden to head the World Bank? 
a. Satya Nadella 
b. Sundar Pichai 
c.  Ajay Banga 
d. Shantanu Narayen
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