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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.
U.S. Representative from New York: First World Bank Group president without business background 8 Lewis T. Preston: September 1, 1991 – May 4, 1995
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 ...
President Biden on Thursday nominated Ajay Banga, the former CEO of Mastercard, to be president of the World Bank with an eye towards focusing on climate at the international agency. Biden in a ...
Policymakers around the globe should not react in haste to announcements by U.S. President Donald Trump's administration, and be prepared to argue their case, World Bank President Ajay Banga told ...
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 president of the World Bank is nominated by the president of the United States and elected by the bank's Board of Governors. [17] As of 15 November 2009, the United States held 16.4% of total votes, Japan 7.9%, Germany 4.5%, the United Kingdom 4.3%, and France 4.3%.
In July 2012, an unconventional leader took over as the World Bank’s new president. Jim Yong Kim, a Korean-American physician known for his work fighting AIDS in Africa, became the first World Bank president whose background wasn’t in finance or politics.