Breaking News: Following the announcement by the World Bank's current head David Malpass to step down early, US President Joe Biden stated on Thursday that Washington is selecting former Mastercard Chief Executive Ajay Banga to lead the organisation. The development lender has just begun taking nominations for candidates, and the bank has stated that women candidates would be "highly" encouraged. The nomination period is scheduled to go through March 29. While the head of the International Monetary Fund is usually European, the president of the World Bank is typically American. The 63-year-old vice chairman of the equity firm General Atlantic, Banga is an Indian-American. The nomination of Banga comes at a time when development bankers are being urged to restructure and better tackle global challenges like environmental concerns. To learn more, watch the entire video!
#worldbank #unitedstates #presidentjoebiden #ajaybanga #generalatlantic #bankers #internationalmonetaryfund #timesnow #breakingnews

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