Biden Administration Has Appointed Indian Born Ajay Banga As The New President Of The World Bank On 23rd February 2023. Ajay Banga is an Indian born business executive working in USA.
Ajay’Banga is one of the most long serving CEO’s of MasterCard. He joined Mastercard as CEO in August 2009. Now Ajay has been working in private sector. According to media reports, Biden Administration has appointed Ajay Banga because he is one of the most important business executives having the experience of the field. His experience can help the World Bank to work effectively with the private sector as well.
The decision comes after previous President David Malpass resigned. David Malpass was nominated by Donald Trump’s government. Malpass was having tensions with Biden Administration, as he was unable to satisfy President Biden on several issues.