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U.S. Representative from New York: First World Bank Group president without business background 8 Lewis T. Preston: September 1, 1991 – May 4, 1995
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 ...
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 ...
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 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%.
On the first visit by a World Bank chief to Tuvalu - where 11,00 people live on 26 square km (10 square miles) of land stretched across nine atolls - the impact of the changes was clear, he said ...
In his first two years as World Bank president, he treaded carefully when discussing the causes of global warming. [36] After the inauguration of Joe Biden in early 2021, American policy shifted towards prioritizing efforts against climate change, and Malpass increasingly began working and speaking on climate policy. [36]