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Ajaypal Singh "Ajay" Banga (born November 10, 1959 [1]) is an Indian-born American business executive. [2] He is currently the president of the World Bank Group. [3] He was the executive chairman of Mastercard, after having previously served as president and chief executive officer (CEO) of the company from July 2010 until December 31, 2020.
Vindi was born in 1954 in Simla (then in the state of Punjab), the son of Lt.Gen. Harbhajan Singh Banga, of the Indian Army, and his wife, Jaswant. [1] His younger brother Ajay Banga is also a business executive. He earned a master in business administration from the Indian Institute of Management (IIM-A). [2]
Malpass and his wife Adele live in Washington, D.C. and have four children. [50] [51] Adele Malpass is the daughter of Herman Obermayer. [52] She was appointed as the chairwoman of the Manhattan Republican Party in January 2015 [53] [54] and was elected to a two-year term in September 2015. [53]
World Bank President Ajay Banga said on Friday that young people in the Pacific Island nation of Tuvalu need training to help them move and adapt to climate change as he visited the frontline of ...
Banga entered office in 2023 after his controversial predecessor, David Malpass, was forced to resign following controversial remarks that seemed to doubt the science of climate change. Many ...
There was no shortage of stressors to the global economy when Ajay Banga took charge at the World Bank almost a year ago: inflation eating at nations drowning in debt, a once-in-a-generation ...
In 2023, a new president was appointed: Ajay Banga. His term began on 2 June 2023. He was supported by the American president Joe Biden partly because he supports climate action. [9] He is also expected to help low-income countries deal with debts. He is the first Indian American to lead the bank. [9]
World Bank President Ajay Banga said in a statement that IDA will be able to stretch the new pledges further because of work done to optimize the development lender's balance sheet over the past ...