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The president of the World Bank Group is the head of ... since February 1995 and had intended to formally retire from the Bank at the end of May of the same year. [4]
Ajaypal Singh "Ajay" Banga (born November 10, 1959 [1]) is an Indian American business executive. [2] He is the president of the World Bank Group. [3] He was the executive chairman of Mastercard, after having previously been president and chief executive officer (CEO) of the company from July 2010 until December 31, 2020.
Before Malpass became president, his son Robert had joined the International Finance Corporation (IFC), a branch of the World Bank Group that lends money to private sector businesses and whose USD 5.5 billion funding from a USD 13 billion World Bank capital increase was secured by the US Treasury at the time that David Malpass was the Treasury ...
Since taking on the role just over a year ago, Banga has visited every region where the World Bank operates. The Pacific Islands nation of Tuvalu, population 11,000, is the last stop.
The president oversees the IDA's overall direction and daily operations. [16] As of May 2024, Ajay Banga serves as the President of the World Bank Group. [17] The association and IBRD operate with a staff of approximately 10,000 employees. [18] The IDA is evaluated by the Bank's Independent Evaluation Group.
Interim President – Ibrahim Traoré: Interim Prime Minister – Jean Emmanuel Ouédraogo Burundi: President – Évariste Ndayishimiye [V] Prime Minister – Gervais Ndirakobuca Cambodia: President of the People's Party – Hun Sen [2] King – Norodom Sihamoni: Prime Minister – Hun Manet Cameroon: President – Paul Biya [V]
The Biden administration is reportedly considering replacing World Bank President David Malpass, appointed by President Donald Trump in 2019, for his reluctance to accept the science of climate ...
The World Bank Institute is the capacity development branch of the World Bank, providing learning and other capacity-building programs to member countries. The IBRD has 189 member governments, and the other institutions have between 153 and 184. [2] The institutions of the World Bank Group are all run by a board of governors meeting once a year ...