Ajay Banga

Today, President Biden announced that the United States is nominating Ajay Banga, a business leader with extensive experience leading successful ...

He is a past member of the U.S. He is a co-founder of The Cyber Readiness Institute, Vice Chair of the Economic Club of New York and served as a member of President Obama’s Commission on Enhancing National Cybersecurity. He is a member of the Trilateral Commission, a founding trustee of the U.S.-India Strategic Partnership Forum, a former member of the National Committee on United States-China Relations, and Chairman Emeritus of the American India Foundation.

US President Joe Biden said Thursday that Washington is nominating former Mastercard chief executive Ajay Banga to lead the World Bank after its current ...

Asked about the World Bank's encouragement for women candidates, a US official told reporters that Banga -- who was born, raised and spent an early part of his career in emerging market India -- had a "personal conviction and excellent track record" in promoting diversity in his work. Banga "has the right leadership and management skills, experience living and working in emerging markets, and financial expertise to lead the World Bank at a critical moment in its history," Yellen said. "These are experiences and priorities that will guide and drive his work in the years ahead at the World Bank," the official said.

Biden also singled out Banga's experience mobilising public-private resources to tackle urgent challenges such as climate change at a range of ...

[New EPFO guidelines! MOST READ "Mr. US Treasury Secretary Janet Yellen said Banga's experience at Mastercard and his work to deploy private capital into climate solutions would help him achieve the World Bank’s dual objectives of eliminating extreme poverty and expanding shared prosperity. Vice President Kamala Harris to mobilize public, private and non-profit resources for Northern Central America. citizen, Banga currently serves as vice chair of General Atlantic, a U.S. Banga's nomination is the first to be made public, but the bank will accept nominations from other member countries through March 29. Former US President Donald Trump appointed Malpass as World Bank chief in 2019 for a five-year period. Malpass said he will step down by early June, well before his term ends in April 2024. “Ajay is uniquely equipped to lead the World Bank at this critical moment in history," Biden said in a statement. Agency for International Development and served as U.S. The World Bank on Wednesday said it expects to select a new president by early May to replace David Malpass, who announced his resignation last week.

Ajay Banga's nomination by the US all but assures he will assume a job that oversees billions of dollars of funding as the institution embarks on a major ...

The World Bank has historically been headed by someone from the United States, its largest shareholder, while the leader of the International Monetary Fund (IMF) is customarily European. in economics from St. - Born in Pune, Banga received B.A. The development lender has started accepting candidate nominations in a process that will run until March 29. Germany, another major shareholder, has pushed for a woman to take the job since the bank has never been headed by a woman in its 77-year history. Ajay Banga is uniquely equipped to lead the World Bank at this critical moment in history, US President Joe Biden said on Thursday as he nominated the ex-Mastercard CEO, an Indian-American, to head the international financial institution.

Germany, another major shareholder, this week said the job should go to a woman since the bank has never been headed by a woman in its 77-year history. Who is Ajay Banga, the Indian-American set to be new World Bank president Reuters Ajay Banga is the ...

He was awarded the Foreign Policy Association Medal in 2012, and the Distinguished Friends of Singapore Public Service Star in 2021. He is a past member of the US President's Advisory Committee for Trade Policy and Negotiations. He was named the He also serves as co-chair of the Partnership for Central America, where he worked closely with U.S. Stephen's College before pursuing an MBA degree from the Indian Institute of Management, Ahmedabad. Banga's nomination is the first to be made public, but the bank will accept nominations from other member countries through March 29.

USA has nominated Ajay Banga for World Bank President for his critical experience on global challenges including climate change. He is the first Indian-born ...

उनका पूरा नाम अजयपाल सिंह बंगा (Ajaypal Singh Banga) है। अजय फिलहाल दुनिया की सबसे बड़ी प्राइवेट ...

Ajay Banga World Bank President: मास्टरकार्ड के पूर्व सीईओ अजय बंगा को अमेरिकी राष्ट्रपति जो बाइडेन ...

भारतीय मूल के अजय बंगा करेंगे वर्ल्ड बैंक की अगुवाई! US राष्ट्रपति ने किया नॉमिनेट. आपको ...

अजय बंगा कौन है: 63 साल के अजय बंगा वर्तमान में जनरल अटलांटिक में वाइस चेयरमैन हैं। इससे पहले, वह मास्टरकार्ड के अध्यक्ष और मुख्य कार्यपालक अधिकारी थे। बता दें कि बंगा को 2016 में पद्म श्री से सम्मानित किया गया था। उन्होंने उत्तरी मध्य अमेरिका के लिए देश की उपराष्ट्रपति कमला हैरिस के साथ मिलकर काम किया है। भारतीय मूल के अमेरिकी कारोबारी अजय बंगा वर्ल्ड बैंक की अगुवाई कर सकते हैं। अमेरिका के राष्ट्रपति जो बाइडन ने अजय बंगा को विश्व बैंक की अगुवाई करने के लिए नॉमिनेट किया है। बता दें कि पिछले हफ्ते विश्व बैंक के प्रमुख डेविड मलपास ने बताया था कि वह अपना कार्यकाल समाप्त होने के लगभग एक वर्ष पहले ही अपना पद छोड़ देंगे। डेविड मलपास को अमेरिका के पूर्व राष्ट्रपति डोनाल्ड ट्रंप ने नॉमिनेट किया था। मलपास विश्व बैंक के 13वें अध्यक्ष हैं और उनका कार्यकाल 5 साल के लिए था। US राष्ट्रपति ने किया नॉमिनेट

Ajay Banga, World Bank President: मास्टरकार्ड के पूर्व सीईओ अजय बंगा वर्ल्ड बैंक के प्रेसिडेंट हो ...

बंगा यूएस-इंडिया बिजनेस काउंसिल (USIBC) के पूर्व अध्यक्ष हैं, जो भारत में निवेश करने वाली 300 से अधिक सबसे बड़ी अंतरराष्ट्रीय कंपनियों का प्रतिनिधित्व करती है. उन्होंने कहा, ''उन्होंने (अजय बंगा) वैश्विक कंपनियों के प्रबंधन में तीन दशक से अधिक समय तक काम किया है, जो विकासशील अर्थव्यवस्थाओं में रोजगार सृजित करती हैं और निवेश लाती हैं. World Bank: मास्टरकार्ड के पूर्व सीईओ अजय बंगा (Ajay Banga) वर्ल्ड बैंक के अध्यक्ष हो सकते हैं.

मास्टरकार्ड के सीईओ अजय बंगा वर्ल्ड बैंक के प्रेसीडेंट नियुक्त होंगे।

World Bank President Nomination: मास्टरकार्ड कंपनी के सीईओ रह चुके अजय बंगा के नाम का प्रस्ताव यूएस ...

बैंकिंग सेक्टर में काम के लिए साल 2016 में अजय बंगा को पद्मश्री से सम्मानित किया जा चुका है. अमेरिकन इंडियन फाउंडेशन के जॉइंट प्रेसिडेंट अजय बंगा (Ajay Banga) विदेश नीति संघ और वित्तीय सेवा गोलमेज सम्मेलन के भी सदस्य हैं. उनके पिता का नाम हरभजन सिंह बंगा और मां का नाम जसवंत बंगा है. अजय बंगा ने दिल्ली यूनिवर्सिटी से बीए ऑनर्स (इकोनॉमिक्स) किया है. साथ ही वे विदेश संबंध परिषद (Foreign Relations Council) और न्यूयॉर्क आर्थिक क्लब (Economic Club of New York) के भी मेंबर हैं. हालांकि अजय बंगा का दावा इस लिहाज से थोड़ा कमजोर लग रहा है, क्योंकि वर्ल्ड बैंक प्रबंधन इस बार किसी महिला उम्मीदवार को आगे बढ़ाने के लिए 'मजबूती' से सोच रहा है. बराक ओबामा का कहना है था कि अजय बंगा काफी टैलेंटेड हैं इसलिए उनको यह जिम्मेदारी दी गई है. दुनिया के विकास के लिए कर्ज देने का दावा करने वाला वर्ल्ड बैंक फिलहाल अगले प्रेसिडेंट के लिए कैंडिडेट्स के नॉमिनेशन ले रहा है. अजय बंगा यदि चुने जाते हैं तो वे वर्ल्ड बैंक के मौजूदा प्रेसिडेंट डेविड मालपास (David Malpass) की जगह लेंगे, जिन्होंने अपना कार्यकाल तय समय से पहले खत्म करने की घोषणा की है. 63 साल के अजय बंगा इंडो-अमेरिकन हैं और फिलहाल इक्विटी फर्म जनरल अटलांटिक के वाइस चेयरमैन के तौर पर काम कर रहे हैं. अजय बंगा इससे पहले मशहूर क्रेडिट कंपनी मास्टरकार्ड के भी CEO रह चुके हैं. अमेरिका के राष्ट्रपति जो बाइडेन (Joe Biden) ने भारतीय मूल के अजय बंगा (Ajay Singh Banga) को वर्ल्ड बैंक का अगला अध्यक्ष बनाए जाने के लिए नामित किया है.

World Bank अमेरिका के राष्ट्रपति जो बाइडन (Joe Biden) ने गुरुवार को मास्टरकार्ड के पूर्व सीईओ ...

वाशिंगटन, रायटर। अमेरिका के राष्ट्रपति जो बाइडन (Joe Biden) ने गुरुवार को मास्टरकार्ड के पूर्व सीईओ अजय बंगा को वर्ल्ड बैंक का प्रमुख नामित किया। जो बाइडन ने कहा कि अजय बंगा इतिहास के इस महत्वपूर्ण क्षण में विश्व बैंक का नेतृत्व करने के लिए विशिष्ट रूप से उपयुक्त हैं। World Bank अमेरिका के राष्ट्रपति जो बाइडन (Joe Biden) ने गुरुवार को मास्टरकार्ड के पूर्व सीईओ अजय बंगा को वर्ल्ड बैंक का प्रमुख बनाया है। इससे पहले डेविड मलपास वर्ल्ड बैंक का नेतृत्व कर रहे थे। (फोटो एपी) Word Bank: मास्टरकार्ड के पूर्व सीईओ अजय बंगा को बनाया गया वर्ल्ड बैंक का अध्यक्ष, बाइडन ने किया नामित

The move comes as the US increases pressure on the bank to put more emphasis on tackling climate change. Mr Banga led credit card giant Mastercard for more than ...

"There is a lot riding on this next phase of the World Bank's strategy," Ms Glassman said. While there is general consensus that the bank needs to evolve, "there is less agreement on how, and there's a worry about the balancing act that needs to be done," she added. It said female nominees were strongly encouraged.

बता दें कि 63 वर्षीय अजय बंगा भारतीय-अमेरिकी नागरिक हैं। अजय बंगा वर्तमान में इक्विटी ...

की पढ़ाई पूरी की है। इसके साथ ही बंगा भारतीय प्रबंधन संस्थान अहमदाबाद के पूर्व छात्र भी हैं। वाशिंगटन, रायटर्स। मास्टरकार्ड के पूर्व सीईओ भारतीय मूल के अमेरिकी नागरिक अजय बंगा को गुरुवार वर्ल्ड बैंक का प्रमुख नामित किया गया। अमेरिकी राष्ट्रपति जो बाइडन ने उन्हें नामित किया। इससे पहले डेविड मलपास वर्ल्ड बैंक के प्रमुख थे। पिछले सप्ताह डेविड मलपास ने वर्ल्ड बैंक के प्रमुख पद से इस्तीफे का ऐलान किया था। मास्टरकार्ड के पूर्व सीईओ भारतीय मूल के अमेरिकी नागरिक अजय बंगा को गुरुवार वर्ल्ड बैंक का प्रमुख नामित किया गया। अमेरिकी राष्ट्रपति जो बाइडन ने उन्हें नामित किया। इससे पहले डेविड मलपास वर्ल्ड बैंक के प्रमुख थे। File Photo

Ajay Banga: व्यापार और समाज में अजय बंगा के योगदान को देखते हुए उन्हें भारत के सर्वोच्च ...

भारत सरकार ने 2016 में बंगा को पद्मश्री से सम्मानित किया था. ओबामा ने अपने कार्यकाल में बंगा को साइबर सिक्योरिटी कमीशन का सदस्य बनाया था. वह यूएस-इंडिया बिजनेस काउंसिल (USIBC) के अध्यक्ष रह चुके हैं. इससे पहले वह अमेरिका की साइबर सिक्योरिटी कमीशन के सदस्य रह चुके हैं. अजय बंगा का पूरा नाम अजयपाल सिंह बंगा है. व्हाइट हाउस की ओर से कहा गया, "भारतीय-अमेरिकी बिजनेस लीडर वैश्विक संस्था का नेतृत्व करने के लिए सक्षम हैं.

President Joe Biden on Thursday announced that the US is nominating Indian-American business leader Ajay Banga to lead the World Bank.

Banga's nomination is the first to be made public, but the bank will accept nominations from other member countries through March 29. “Ajay is uniquely equipped to lead the World Bank at this critical moment in history,” Biden said in a statement. Banga's nomination by the United States all but assures he will assume a job that oversees billions of dollars of funding as the institution embarks on a major series of reforms to better respond to climate change and other pressing challenges facing developing countries.

Banga, 63, currently serves as Vice Chairman at General Atlantic. Previously, he was President and CEO of Mastercard, leading the company through a strategic, ...

Mittal is the founder and CEO of People Group, which runs the matchmaking site. He is a past member of the US President's Advisory Committee for Trade Policy and Negotiations. He was awarded the Padma Shri in 2016. He became an advisor to General Atlantic's climate-focused fund, BeyondNetZero, at its inception in 2021. He is a co-founder of The Cyber Readiness Institute, Vice Chair of the Economic Club of New York and served as a member of President Barack Obama's Commission on Enhancing National Cybersecurity. [Joe Biden](/news/joe-biden)on Thursday announced that the US is nominating [Ajay Banga](/topic/ajay-banga)to lead the [World Bank](/topic/world-bank), saying the Indian-American business leader is uniquely equipped to lead the global institution at "this critical moment in history."

Set to be the first Indian-origin leader of the Bank; takes over at a time when Bank's agenda is shifting | World News.

In 2015, the then President Barack Obama nominated him to serve as a member of the President’s advisory committee for trade policy and negotiations; Banga also served on Obama’s commission on enhancing national cybersecurity. He is also the chairman of Exor, an independent director at Temasek, an advisor to General Atlantic’s climate-focused fund, BeyondNetZero, and has previously served on the Boards of the American Red Cross, Kraft Foods and Dow Inc. He began his career at Nestle in 1981 and then joined PepsiCo in India and then moved to the US in 2000, working for the Citigroup in New York. The nomination comes at a time when the Bank is in the middle of an ambitious internal transformation. The Government of India awarded him a Padma Shri in 2016. Banga’s commitment to fighting the climate crisis was reflected in his past business roles, and is a marked contrast from David Malpass, a Donald Trump nominee who resigned as the Bank’s president earlier this month.

US President Joe Biden will nominate Ajay Banga, former CEO of Mastercard, to serve as the President of the World Bank, the White House announced on ...

It also wants to give the developing world more access to basic banking and lending services. The White House wants the World Bank to leverage public funds to attract more private investment for climate projects. Other countries can still nominate their own candidates for the World Bank's board to consider.

US nominee for World Bank President: Ajay Banga is appointed as the vice chairman at private equity firm General Atlantic, a US private equity firm.

International Business News: US President Joe Biden is nominating former Mastercard CEO, India-born Ajay Banga, to be head the World Bank, the White House ...

A turbaned Sikh, Banga is known widely as an innovative thinker and a great motivational speaker. The White House statement announcing his nomination noted that he has previously served on the Boards of the American Red Cross, Kraft Foods and Dow Inc, and worked closely with Vice President Harris as the Co-Chair of the Partnership for Central America. Stephen's College in Delhi before earning a management degree from IIM, Ahmedabad. Banga went to school in Hyderabad, India and graduated from St. He has spent more than three decades building and managing successful, global companies that create jobs and bring investment to developing economies, and guiding organizations through periods of fundamental change. Malpass was nominated to the position by President Trump.

He worked closely with Vice President Kamala Harris as co-chair of the Partnership for Central America, which has mobilized over $4 billion in public, ...

He previously served on the boards of the American Red Cross, Kraft Foods and Dow Inc. Banga is honorary chairman of the International Chamber of Commerce, serving as chairman from 2020-2022. Banga has worked closely with Harris as co-chair of the Partnership for Central America. He also has critical experience mobilising public-private resources “to tackle the most urgent challenges of our time, including climate change”, the US President said. “Ajay is uniquely equipped to lead the World Bank at this critical moment in history,” Biden said in a statement. Previously, he was president and CEO of Mastercard, leading the company through a strategic, technological and cultural transformation.

Ajay Banga: భారతీయులు ఇటీవలి కాలంలో ప్రపంచవ్యాప్తంగా సత్తా చాటుతున్నారు.

ప్రస్తుతం అమెరికా పౌరుడిగా ఉన్న అజయ్ బంగా.. ఇండియన్ ఇన్స్టిట్యూట్ ఆఫ్ మేనేజ్మెంట్ అహ్మదాబాద్ నుంచి మేనేజ్మెంట్ PGP చేశారు. అమెరికా ట్రేడ్ పాలసీ అండ్ నెగోషియేషన్స్ ప్రెసిడెంట్ అడ్వైజరీ కమిటీ సభ్యుడిగా కూడా పనిచేశారు. అమెరికా ప్రభుత్వంతో అత్యంత దగ్గరగా ఉండి పనిచేసిన అనుభవం బంగా సొంతం. ఇక బంగా చదువు విషయానికి వస్తే న్యూదిల్లీ సెయింట్ స్టీఫెన్స్ కాలేజ్ నుంచి బ్యాచిలర్ ఆఫ్ ఆర్ట్స్ డిగ్రీ చేశారు. బోర్డుల్లో పనిచేశారు.

The former chief executive officer of Mastercard Inc, Ajay Banga has spent years decrying the ways that consumers reliant on paper currency are left out of ...

In 2015, Mr Banga took the stage with Jim Yong Kim, then president of the World Bank, and told a tale of a successful move toward card-based payments. Even with the rise of smartphones and tap-to-pay credit and debit cards, the use of cash has actually gone up in recent years -- even in developed countries. So it came as a shock in 2009 when Mr Banga announced he was moving to Mastercard to become the payment network's president and chief operating officer. After his departure as Mastercard's CEO, Mr Banga took over as executive chairman in January 2021 and spent much of the ensuing year helping then-new CEO Michael Miebach assume responsibility for key relationships with customers and regulators. In just four years, he was named business head of CitiFinancial and the US consumer-assets division, and, in 2005, was promoted to lead all of the bank's international consumer operations. Mr Banga, 63, is known for his love of fine wines and once told the Financial Times he owns "practically every Elvis Presley album that you could think of."

From Washington, US President Joe Biden is nominating former Mastercard Chief Executive Ajay Banga to lead the World Bank, after its current chief David ...

The World Bank has historically been headed by someone from the United States, its largest shareholder, while the leader of the International Monetary Fund (IMF) is customarily European. The president of the World Bank is typically American, while the leader of the International Monetary Fund is customarily European. - Born in Pune, Banga received B.A. He joined MasterCard as president and chief operating officer in August 2009 and was named its CEO in April 2010. Germany, another major shareholder, has pushed for a woman to take the job since the bank has never been headed by a woman in its 77-year history. [Joe Biden](https://currentaffairs.adda247.com/joe-biden-nominates-indian-american-astronaut-raji-chari-for-us-air-force-brigadier-general-post/) is nominating former Mastercard Chief Executive [Ajay Banga](https://currentaffairs.adda247.com/mastercard-ceo-ajay-banga-to-step-down/) to lead the World Bank, after its current chief David Malpass announced plans to step down early.

Ajay Banga Net Worth: दुनिया में भारत का दबदबा बढ़ रहा है। अब भारत के अजय सिंह बंगा वर्ल्ड बैंक ...

Ajay Banga has been nominated by US President Joe Biden to head the World Bank. If confirmed, he will be the first Indian-American to head the financial ...

But when asked about the contribution of fossil fuels in adding to climate change in September 2022, Malpass said, “I’m not a scientist”, leading to a backlash. In a statement from Biden, meanwhile, he was described as being “uniquely equipped to lead the World Bank at this critical moment in history”. “Ajay has worked closely with Vice President Harris as the Co-Chair of the Partnership for Central America,” it states, adding he was a founding trustee of the US-India Strategic Partnership Forum, a former member of the National Committee on United States-China Relations, and Chairman Emeritus of the American India Foundation. The president of the World Bank is ex officio chair of the Board of executive directors of the International Bank for Reconstruction and Development (IBRD) or the World Bank and the International Development Association (IDA). He was also the president and CEO of Mastercard, the financial services company. If confirmed by the World Bank board of directors, Banga, 63, will be the first Indian-American to head either of the two top international financial institutions: the International Monetary Fund and the World Bank.

Ajay Banga has been nominated by the USA to lead the World Bank because of his vast expertise in issues like climate change. He is the first Indian born to ...

Ajay Banga is currently the vice chairman of General Atlantic. David Malpass faced backlash for his remarks at a conference that casted doubts on the contribution of fossil fuels to global warming. Banga was chosen by the US government because of his vast experience in addressing issues like climate change on a global scale.

Announcing Banga's nomination, Biden said that Banga is "uniquely equipped to lead" the World Bank.

Before this, he was the chief operating officer (COO) of the firm. He is also chairman of Exor and independent director at Temasek. On January 1, 2022, he assumed the responsibility at General Atlantic as its vice chairman. Announcing the nomination, US President [Joe Biden](/about/who-is-joe-biden) said that Banga is "uniquely equipped to lead" the institution. He has a proven track record managing people and systems, and partnering with global leaders around the world to deliver results," Biden said. Ajaypal Singh Banga, known as Ajay Banga, was born in Pune on November 10, 1959.

Indian-American business leader Ajay Banga, nominated by US President to lead the World Bank, will be a transformative President of the international ...

This experience will help him achieve the World Bank’s objectives of eliminating extreme poverty and expanding shared prosperity while pursuing the changes needed to effectively evolve the institution to be fit for purpose for the world being faced today. “Ajay Banga will be a transformative World Bank President as the institution works to deliver on its core development goals and address pressing global challenges, including climate change,” Harris said in a statement after Biden announced that he nominated Banga for the top World Bank position. “Since I was elected Vice President, Ajay and I have worked closely together on a new model of a public-private partnership designed to address the root causes of migration in Northern Central America,” Harris said.

In a tweet, Kristalina Georgieva, Managing Director, IMF said, "Happy to hear that Ajay Banga, who I have known for many yrs, has been nominated as a ...

He is a past member of the US President's Advisory Committee for Trade Policy and Negotiations. He is honorary chairman of the International Chamber of Commerce, serving as chairman from 2020-2022. In a separate tweet, Mastercard congratulated Banga saying: "His impact on our business and in advancing inclusive growth across the globe is well documented. [Michael Miebach](/topic/michael-miebach)said: "He's a mentor, friend and first-rate leader who has worked tirelessly to bring hundreds of millions of people around the world into the digital economy. Previously, he was President and CEO of Mastercard, leading the company through a strategic, technological and cultural transformation. [Titan](/topic/titan)Capital, said this would be another phenomenal addition to the list of Indian origin leaders at the helm of globally impactful organisations. He is also chairman of Exor and independent director at Temasek. He was awarded the Padma Shri in 2016. He became an advisor to General Atlantic's climate-focused fund, BeyondNetZero, at its inception in 2021. he said in a tweet. Sharing a photo with Banga, Kristalina Georgieva, Managing Director, IMF tweeted, "Happy to hear that Ajay Banga, who I have known for many yrs, has been nominated as a candidate to lead World Bank. His exec leadership skills & drive for innovation are well known.

अमेरिका के राष्ट्रपति जो बाइडेन ने अजय बंगा को वर्ल्ड बैंक के प्रेसिडेंट पद के लिए ...

अमेरिकी राष्ट्रपति जो बाइडेन ने गुरुवार 23 फरवरी को वर्ल्ड बैंक के अगले प्रेसिडेंट के ...

Who is Ajay Banga? अजय बंगा को नामित करते हुए जो बाइडेन ने कहा कि अजय बंगा वर्ल्ड बैंक की कमान ...

अजय बंगा मास्टकार्ड में प्रेसिडेंट और चीफ एग्जीक्यूटिव ऑफिसर पद के साथ-साथ बोर्ड ऑफ डायरेक्टर के भी सदस्य थे. अजय बंगा भारत में जन्मे ऐसे पहले शख्स हैं, जिन्हें वर्ल्ड बैंक के मुखिया के रूप में नॉमिनेट किया गया है. में काम किया है. वे सिटीग्रुप में सीनियर लीडरशिप और एग्जीक्यूटिव कमेटी के सदस्य भी थे. वर्ल्ड बैंक के वर्तमान अध्यक्ष डेविड मलपास द्वारा जल्द पद छोड़ने की योजना की घोषणा के कुछ दिनों बाद अजय बंगा का नाम इस पद के लिए चुना गया है. अमेरिका के राष्ट्रपित जो बाइडेन (US President Joe Biden) ने मास्टरकार्ड के पूर्व CEO अजय बंगा (Ajay Banga) को वर्ल्ड बैंक का प्रमुख नॉमिनेट किया है.

Biden believes Banga has the right skill set to tackle challenges like climate change and poverty.

[had been calling for Malpass’s resignation](https://www.wsj.com/articles/world-banks-david-malpass-says-he-is-not-resigning-amid-criticism-of-his-climate-views-11663947377) since September last year, after he refrained from publicly acknowledging that burning fossil fuels is warming the planet. [stepping down on June 30](https://www.worldbank.org/en/news/press-release/2023/02/15/world-bank-group-president-malpass-announces-intention-to-step-down) earlier this month. “Ajay is uniquely equipped to lead the World Bank at this critical moment in history. Quotable: Biden believes Ajay Banga can tackle climate change and poverty as World Bank president Raised in India, Ajay has a unique perspective on the opportunities and challenges facing developing countries and how the World Bank can deliver on its ambitious agenda to reduce poverty and expand prosperity.” — He has spent more than three decades building and managing successful, global companies that create jobs and bring investment to developing economies, and guiding organizations through periods of fundamental change. Less than a year on, he’ll be named president and CEO. The current leader, former president Donald Trump’s pick Malpass, said he’d be In its 77-year history, the US Banga was born in Pune, in the western Indian state of Maharashtra, on Nov. The bank’s board said on Wednesday (Feb. No other contenders seem to be in the race yet.

Progressive groups that have long advocated for a change in the leadership of the World Bank decried the Biden administration's nomination of a former Wall ...

Yellen is pushing the World Bank to evolve from its traditional focus on country-specific lending and shift to broader, global goods, such as fighting climate change. And John Kerry, the US special presidential envoy for climate, hailed Mr Banga as "the right choice," casting his corporate experience as an asset. "They can and should nominate their own candidates, vote freely and demand a fair process." Hauser called on President Joe Biden and Yellen to retract the nomination. The World Bank needs a leader "who will prioritize the urgency of the climate crisis, not another big business executive," said Collin Rees, US program co-manager at Oil Change International, a group that pushes a pivot away from fossil fuels. To be sure, Mr Banga's selection drew praise from supporters who said the 63-year-old raised in India brings a different perspective to an institution whose leaders typically have been deeply embedded in the US.

Homi Kharas discusses the nomination of Ajay Banga as the World Bank president and reviews the challenges and priorities ahead for the institution.

He will also be well-versed in the art of persuading finance ministers and other government officials in developing countries to open sensitive sectors to the private sector, a skill he will need if the vested interests in state-owned utilities and other government monopolies are to be overcome. Ceding ownership means losing control and exposing an institution to risks that derive from the actions of its partners. Banga’s job will partly be to encourage donors to provide more aid, and partly to make the case that existing aid can be more effectively used when channeled through multilateral funds, such as those provided by the World Bank. Long-standing calls for the multilaterals to improve efficiency and effectiveness by An added complication: Aid is now needed for many middle-income countries—those suffering loss and damage from climate-related natural disasters, those being encouraged to act in the global interest (for example, coal decommissioning, pandemic surveillance, and nature preservation and conservation), and those where a small amount of grants can catalyze action, like funds needed for project preparation and for legal and financial technical advice on specialized topics and for staffing new platforms. [advance equitable and sustainable economic growth and financial inclusion around the world](https://www.mastercardcenter.org/about-us#our-mission).” The core ideas of equity and sustainability resonate with the discussion today about a new development narrative—the “ [global growth story of the 21st century](https://www.lse.ac.uk/granthaminstitute/publication/the-global-growth-story-of-the-21st-century/)” as Professor Nick Stern and colleagues have called it. The founding World Bank agency—the International Bank for Reconstruction and Development (IBRD)—has successfully used leverage to finance its operations. The co-benefits to rich countries of faster and more sustainable development in developing countries are clear—less conflict and fragility, more trade, biodiversity protection, participation in pandemic surveillance, and of course, climate mitigation and disaster risk reduction. The politics come into even sharper focus when negotiating with governments on contributions to the International Development Association, the concessional lending arm of the World Bank, and other World Bank-managed trust funds, including the Climate Investment Funds. Its shareholders have encouraged it to scale up lending significantly, but opinion is divided as to how much can be done based on existing capital, and how much new capital will be required. Ajay Banga will need all his experience as CEO of Mastercard, a large financial services firm, to find the right balance; partly a technical challenge and partly a political challenge of persuading IBRD’s national government shareholders that he is able to deliver more to all clients—LICs, LMICs, and UMICs—without jeopardizing the financial health of the institution and without changing any one group by paying more attention to the other. One of the most urgent tasks facing the new president is to navigate complex financial waters.

U.S. President Joe Biden nominated former Mastercard Inc CEO Ajay Banga to lead the World Bank, betting the India-born...

For a job of this stature, we need more than a tap on the shoulder from President Biden." "The World Bank is not a U.S. They all do vastly more to exacerbate inequality than to fight it," he said in a statement. Oxfam International said the next bank president should be chosen through a transparent global process. Banga's nomination is the first to be made public, but the bank will accept nominations from other member countries through March 29. Biden's nomination on Thursday of Banga, 63, now a U.S.

The US has nominated former Mastercard CEO Ajay Banga to lead the World Bank. He is the first Indian-born nominee to the World Bank president role.

International Business News: BENGALURU: The US nominee to lead the World Bank, Indian-American Ajay Banga, gained traction with leading members on Friday, ...

The finance ministers of France and Germany gave positive reviews to ex-MasterCard CEO Banga, nominated on Thursday by U.S. "I think he is a good candidate. "... we've tried to find a nominee who was really well-qualified and brings a unique set of skills to the job that we think will be attractive," she said. Lindner said that Germany would follow the nomination with "great attention" and expressed "sympathy" for the proposal. German finance minister Christian Lindner said on the sidelines of a G20 finance leaders' meeting in Bengaluru that Banga's nomination was a "very remarkable" proposal because his private sector experience would be potentially helpful in mobilising private investment in the fight against climate change and for development projects.

It has become the habit for Hyderabad Public School to churn out gems. There is something in the DNA of HPs, something in the air the students breathe in.

There is something in the DNA of HPs, something in the air the students breathe in,” he said. It was exclusively meant for the sons of the nobility. Banga, who passed out of HPS in 1976, graduated with a Bachelor of Arts in economics from St Stephen's College, Delhi University followed by PGP in Management from the Indian Institute of Management, Ahmedabad. This is because the sense of leadership is inculcated among children. The HPS alumni rose to great heights of success and fame in different fields like business, politics, civil services, armed forces, sports and films. It has become the habit for Hyderabad Public School to churn out gems.