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Indian-origin Ajay Banga confirmed as the next President of World Bank

Published on May 04, 2023
Current Context: Ajay Banga, the former CEO of Mastercard and a naturalized US citizen, has been confirmed as the next president of the World Bank for a five-year term starting from June 21.
Indian-origin Ajay Banga confirmed as the next President of World Bank
  • He was nominated by US President Joe Biden and was the sole candidate for the top job.
  • He will take over from David Malpass who is stepping down early amid criticism over his stance on climate change.
  • Banga has said that he wants to see greater private sector funding to help tackle global problems such as climate change and poverty.

Question:

Q.1 Who is the next president of the World Bank?
a. Ajay Banga

b. David Malpass
c. Kristalina Georgieva
d. Jim Yong Kim
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