Joe Biden has named Indian-American Ajay Banga as the new president of the World Bank

The president of the United States, Joe Bidenproposed to the Indo-American Ajay Banga63 years old and former CEO of MasterCardto chair the world Bank (BM), the White House announced Thursday.

Banga, born and raised in India“has the essential experience to mobilize public resources there private to address the most pressing challenges of our time, including the global warming“, underlined an official American press release, a few days after the current president of the institution, David Malpassannounced his resignation.

The executive, currently vice-president of General Atlantic“has a unique perspective on the opportunities and challenges facing developing countries and how the World Bank can deliver on its agenda to reduce poverty and expand prosperity,” the statement added.

News in development…