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First World Bank Group president without business background 8 Lewis T. Preston: September 1, 1991 – May 4, 1995 ... This page was last edited on 7 November 2024 ...
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.
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 ...
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 ...
World Bank President Ajay Banga said in a speech on Tuesday after visiting 27 countries from Peru to Tuvalu that the global lender needs to work faster and simplify its processes in a world ...
Banga said the World Bank was also pushing to replenish the lender's fund for the world's poorest countries, the International Development Association (IDA), by more than $100 billion, adding that ...
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.
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 ...