Indian-origin Ajay Banga becomes next World Bank president | Details
1 year, 7 months ago

Indian-origin Ajay Banga becomes next World Bank president | Details

India TV News  

Indian-American business leader Ajay Banga became president of the World Bank on Wednesday. "The Executive Directors of the World Bank today selected Ajay Banga as President of the World Bank for a five-year term beginning June 2, 2023," the bank said in a press statement. "The Board looks forward to working with Mr. Banga on the World Bank Group Evolution process, as discussed at the April 2023 Spring Meetings, and on all the World Bank Group’s ambitions and efforts aimed at tackling the toughest development challenges facing developing countries," the statement added. ALSO READ | Who is Ajay Banga, ex-Mastercard CEO, nominated by Joe Biden to lead World Bank

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History of this topic

Why TIME put Ajay Banga on its cover this month
1 month ago

Why TIME put Ajay Banga on its cover this month

India Today  

World Bank President Ajay Banga featured on Time magazine's list of the 100 most influential leaders driving business to real climate action. Also featured on the list are founder of Travalyst Prince Harry, Duke of Sussex, actor Rosario Dawson, founder of TerraPower Bill Gates, United States Secretary of Energy Jennifer Granholm, film producer Adam McKay, CEO and president of Lego …

Union Minister Meets World Bank President, Discusses MDBs Reforms
1 month, 4 weeks ago

Union Minister Meets World Bank President, Discusses MDBs Reforms

The Hindu  

Union Finance Minister Nirmala Sitharaman held a meeting with World Bank President Ajay Banga on the sidelines of the World Bank and International Monetary Fund (IMF) Annual Meetings 2024, in Washington, DC on Wednesday. The two sides discussed issues related to private capital participation in Global Public Goods, Energy security, and Multilateral Development Banks (MDBs) reforms.

India has come out strong from challenges posed by Covid, need to sustain momentum: World Bank's Ajay Banga
1 year, 5 months ago

India has come out strong from challenges posed by Covid, need to sustain momentum: World Bank's Ajay Banga

India TV News  

World Bank president Ajay Banga, the first-ever Indian-American to head the top global financial institution, on Wednesday, praised India's economy saying India doing lot of things to stay ahead during global slowdown. India has come out strong from challenges posed by Covid and it needs to sustain the momentum, he asserted. One thing that is in India's favour is the …

World Bank President Ajay Banga named in 2023 list of Great Immigrants
1 year, 5 months ago

World Bank President Ajay Banga named in 2023 list of Great Immigrants

Deccan Chronicle  

NEW YORK: Ajay Banga, the President of the World Bank, has been named by a prestigious philanthropic organisation to its annual “Great Immigrants” list of honourees who have enriched and strengthened America and its democracy through their contributions and actions. “The Great Immigrants initiative is a tribute to the legacy of Andrew Carnegie, a Scottish immigrant who, like these honourees, …

Indian American Ajay Banga takes over as World Bank President
1 year, 6 months ago

Indian American Ajay Banga takes over as World Bank President

The Hindu  

Indian American Ajay Banga on June 2 took over as the President of the World Bank, making him the first person of colour to head either of the two global financial institutions, the World Bank and the International Monetary Fund. On May 3, the Executive Directors of the World Bank selected Mr. Banga, 63, as the 14th President of the …

Ex-Mastercard CEO Ajay Banga confirmed as World Bank leader
1 year, 7 months ago

Ex-Mastercard CEO Ajay Banga confirmed as World Bank leader

Associated Press  

WASHINGTON — Former Mastercard CEO Ajay Banga, an Indian army officer’s son with decades of corporate experience, was confirmed Wednesday to lead the World Bank for a five-year term that starts next month. The bank’s executive directors said in a statement after Banga’s confirmation as president that they looked forward to working with him and on all the bank’s “ambitions …

Indian-origin Ajay Banga confirmed as next World Bank president
1 year, 7 months ago

Indian-origin Ajay Banga confirmed as next World Bank president

Firstpost  

The World Bank on Wednesday confirmed Indian-origin Ajay Banga as its next president. Banga’s appointment comes at a pivotal time for the development lender as it looks to better address climate change. “The Board looks forward to working with Mr. Banga on the World Bank Group Evolution process,” the bank wrote in a statement published shortly after the board voted …

World Bank’s face of change - The Hindu
1 year, 8 months ago

World Bank’s face of change - The Hindu

The Hindu  

In an interview eight years ago with the Stanford Graduate School of Business, corporate veteran Ajay Banga, who was serving as the CEO of payment processing giant MasterCard at the time, spoke about one “tremendous” lesson from his 13-year career at Nestle. Almost a decade later, as he is expected to become the next President of the World Bank, the …

New India-born World Bank chief: Real change or rebranding?
1 year, 8 months ago

New India-born World Bank chief: Real change or rebranding?

Associated Press  

BENGALURU, India — The incoming president of the World Bank was born in India and forged his early business success there, a fact supporters say gives Ajay Banga valuable insight into the challenges faced by the developing countries the bank is supposed to help. U.S. Treasury Secretary Janet Yellen talked up Banga’s credentials this week on the sidelines of the …

World Bank cuts India's growth forecast to THIS much; where does Pakistan stand? CHECK HERE
1 year, 8 months ago

World Bank cuts India's growth forecast to THIS much; where does Pakistan stand? CHECK HERE

India TV News  

Indian economy: The World Bank and the Asian Development Bank on Tuesday projected moderation in Indian economic growth between 6.3 per cent and 6.4 per cent due to a slowdown in consumption and challenging external conditions. "In India, South Asia’s largest economy, high borrowing costs and slower income growth are expected to dampen consumption and lower growth to 6.3 per …

Indian-American Ajay Banga poised to become World Bank chief unopposed
1 year, 8 months ago

Indian-American Ajay Banga poised to become World Bank chief unopposed

The Hindu  

Indian-American business leader Ajay Banga is poised to become the next President of the World Bank which has said he is the sole nominee for the post as no other candidates were nominated. In February, President Joe Biden announced that the U.S. would be nominating Mr. Banga to lead the World Bank because he is "well equipped" to lead the …

Indian-American Ajay Banga sole nominee to lead World Bank
1 year, 8 months ago

Indian-American Ajay Banga sole nominee to lead World Bank

Firstpost  

Washington: The World Bank has said that Indian-American Ajay Banga is the only candidate nominated for the President’s position as the nomination period closed on 29 March. In a press release issued on its website, the World Bank said, “The World Bank Group’s Board of Executive Directors today confirmed that, as announced on February 22, the period for submitting nominations …

Ajay Banga poised to become World Bank chief unopposed
1 year, 8 months ago

Ajay Banga poised to become World Bank chief unopposed

Deccan Chronicle  

Washington: Indian-American business leader Ajay Banga is poised to become the next President of the World Bank after the nomination period closed and no country proposed an alternate candidate for the prestigious post. In February, President Joe Biden announced that the US would be nominating Banga to lead the World Bank because he is “well equipped” to lead the global …

Biden pick Ajay Banga cleared to take top job at World Bank
1 year, 8 months ago

Biden pick Ajay Banga cleared to take top job at World Bank

Associated Press  

WASHINGTON — The Biden administration’s choice to run the World Bank — former Mastercard CEO Ajay Banga — appears to have a lock on the job. The World Bank is under pressure to do more to help poor countries finance projects to combat and prepare for climate change without saddling them with heavy debts. Nominating him to the job Feb. …

Ajay Banga: All About Indian-origin Ex-Mastercard CEO Set to Become World Bank Chief
1 year, 8 months ago

Ajay Banga: All About Indian-origin Ex-Mastercard CEO Set to Become World Bank Chief

News 18  

US nominee to lead the World Bank, Ajay Banga, is set to win the election of the lender’s next chief with no challengers emerging as the nomination period closed. Banga has more than 30 years of business experience, having served in various roles at Mastercard and the boards of the American Red Cross, Kraft Foods and Dow Inc. Ajay has …

Indian-Origin Ajay Banga Set to Become World Bank's Next President Unopposed
1 year, 8 months ago

Indian-Origin Ajay Banga Set to Become World Bank's Next President Unopposed

News 18  

Ajay Banga, the US nominee to lead the World Bank, appears almost certain to become the lender’s next president after the nominations closed on Wednesday with no other country proposing an alternate candidate. The World Bank had opened the nomination period late last month, saying at the time that its board would conduct formal interviews of the top contenders after …

U.S. nominee for World Bank President Ajay Banga tests Covid positive; India meetings cancelled
1 year, 8 months ago

U.S. nominee for World Bank President Ajay Banga tests Covid positive; India meetings cancelled

The Hindu  

U.S. nominee for World Bank President Ajay Banga has tested positive for COVID-19 following which the meetings scheduled during his two-day visit to India have been cancelled. Besides meeting with the Union Finance Minister, Mr. Banga was scheduled to meet Prime Minister Narendra Modi, Minister of External Affairs S Jaishankar and top officials during his two-day visit from March 23 …

World Bank presidential nominee Ajay Banga tests COVID-19 positive ahead of meeting with PM Modi
1 year, 9 months ago

World Bank presidential nominee Ajay Banga tests COVID-19 positive ahead of meeting with PM Modi

India TV News  

The US nominee for World Bank President Ajay Banga has tested positive for COVID-19 but remains asymptomatic during routine testing in New Delhi. The country has recorded 1,134 new coronavirus cases, while the active cases increased to 7,026, according to Union Health Ministry data updated on Wednesday. Ajay Banga remains asymptomatic “During routine testing, Ajay Banga tested positive for COVID-19 …

World Bank Chief Candidate Ajay Banga to Meet PM Modi, Sitharaman, Jaishankar in Delhi
1 year, 9 months ago

World Bank Chief Candidate Ajay Banga to Meet PM Modi, Sitharaman, Jaishankar in Delhi

News 18  

The former Mastercard CEO and the US nominee for World Bank President Ajay Banga is on a two-day visit to India where he is scheduled to meet Prime Minister Narendra Modi and Finance Minister Niramala Sitharaman. Ajay Banga’s visit to New Delhi is the final stop on his three-week global tour during which he talked with donor countries and borrowers …

US nominee for World Bank President Ajay Banga visits India; to meet PM Modi
1 year, 9 months ago

US nominee for World Bank President Ajay Banga visits India; to meet PM Modi

Firstpost  

New Delhi: The US nominee for World Bank President Ajay Banga is on a two-day visit to India where he is scheduled to meet Prime Minister Narendra Modi and finance minister Niramala Sitharaman, among others. “While in India, Banga will meet with Prime Minister Narendra Modi as well as the minister of finance Nirmala Sitharaman and the minister of external …

US candidate for World Bank chief Ajay Banga to meet PM Modi, S Jaishankar in Delhi
1 year, 9 months ago

US candidate for World Bank chief Ajay Banga to meet PM Modi, S Jaishankar in Delhi

India Today  

The former Mastercard CEO and the US candidate to lead the World Bank, Ajay Banga will arrive in India on Thursday and is set to meet Prime Minister Narendra Modi, Foreign Minister S Jaishankar and Finance Minister Nirmala Sitharaman in Delhi. Ajay Banga's visit to India will bring an end to his "global listening tour" where he talked with donor …

US nominee for World Bank President Ajay Banga to meet PM Modi at end of his global tour
1 year, 9 months ago

US nominee for World Bank President Ajay Banga to meet PM Modi at end of his global tour

India TV News  

New Delhi: The US nominee for World Bank President Ajay Banga will arrive in India on Thursday capping a three-week global listening tour that began in Africa before progressing to Europe, Latin America and Asia. These discussions will focus on India's development priorities, the World Bank, and global economic development challenges," US Treasury Department said in a statement. Banga met …

China's Backing for Indian-American Ajay Banga to Head World Bank Doubtful
1 year, 9 months ago

China's Backing for Indian-American Ajay Banga to Head World Bank Doubtful

News 18  

China on Wednesday sounded doubtful about backing Indian-American business leader Ajay Banga to lead the World Bank, saying it is “open” to supporting ”other potential candidates” based on merit. Asked whether China will back Banga, Chinese Foreign Ministry spokesman Wang Wenbin told a media briefing here that “we have noted the candidate nominated by the US side and are open …

US Pick for World Bank Ajay Banga Says 'Emission Heavy' Growth Model Outdated
1 year, 9 months ago

US Pick for World Bank Ajay Banga Says 'Emission Heavy' Growth Model Outdated

News 18  

The United States’ candidate to head the World Bank, Ajay Banga, on Wednesday called for a revamp of the development model to better meet the challenge of climate change. The 63-year-old Indian American was last month nominated by US President Joe Biden to head the global lender after its current chief David Malpass announced plans to step down early. The …

US candidate for World Bank chief Ajay Banga urges development model revamp
1 year, 9 months ago

US candidate for World Bank chief Ajay Banga urges development model revamp

Firstpost  

Nairobi : The United States’ candidate to head the World Bank, Ajay Banga, on Wednesday called for a revamp of the development model to better meet the challenge of climate change. The 63-year-old Indian American was last month nominated by US President Joe Biden to head the global lender after its current chief David Malpass announced plans to step down …

India lends support to Ajay Banga's nomination for World Bank President post
1 year, 9 months ago

India lends support to Ajay Banga's nomination for World Bank President post

The Hindu  

India on March 2 extended support to the candidature of Ajay Banga as World Bank President, saying his nomination comes at a time when the multilateral lending agency is considering next-generation reforms. Last month, the U.S. President Joe Biden announced that the U.S. is nominating Ajay Banga to lead the World Bank, saying the Indian-American business leader is uniquely equipped …

DC Edit | Apt choice to lead World Bank
1 year, 9 months ago

DC Edit | Apt choice to lead World Bank

Deccan Chronicle  

The nomination of a Person of Indian Origin in Ajay Banga to helm the World Bank says as much about the rise of the Indian diaspora in the land of opportunity, which the United States is, as the willingness of a meritocratic American society to accept its diversity and make a choice like this when it comes to a prestigious …

Banga nomination, immense pride for our school: HPC
1 year, 9 months ago

Banga nomination, immense pride for our school: HPC

Deccan Chronicle  

HYDERABAD: Ajay Pal Banga, the Indian-American business leader nominated by US President Joe Biden to lead the World Bank, is a Hyderabad Public School student. The school, alumni for several industry leaders including Microsoft CEO Satya Nadella and Adobe CEO Shantanu Narayen, announced that Banga belonged to the 1976 batch. Banga was not in the school the day the class …

Global leaders welcome nomination of Ajay Banga as World Bank president
1 year, 9 months ago

Global leaders welcome nomination of Ajay Banga as World Bank president

The Hindu  

Political leaders and industry captains on February 24 hailed Indian American Ajay Banga's nomination as World Bank president, saying he is an inspired choice and a phenomenal addition to the list of Indian-origin leaders at the helm of globally impactful organisations. In a tweet, Kristalina Georgieva, Managing Director, IMF said, "Happy to hear that Ajay Banga, who I have known …

All about ex-Mastercard CEO Ajay Banga: First Indian-born to be nominated by US President to head World Bank
1 year, 10 months ago

All about ex-Mastercard CEO Ajay Banga: First Indian-born to be nominated by US President to head World Bank

India TV News  

US President Joe Biden Thursday nominated former Mastercard CEO Ajay Banga as the head of World Bank, days after Donald Trump appointed David Malpass resigned from the position. According to Joe Biden, Ajay Banga is the only person currently qualified to run the World Bank, who voiced his trust in his ability to lead. Treasury Secretary Janet Yellen made a …

US nominates Ajay Banga for World Bank president
1 year, 10 months ago

US nominates Ajay Banga for World Bank president

Associated Press  

WASHINGTON — The United States is nominating former Mastercard CEO Ajay Banga to lead the World Bank, President Joe Biden announced on Thursday, crediting him with critical experience on global challenges including climate change. Addressing the impacts of climate change at the multilateral bank is a priority for the U.S. And leading climate figures have urged the Biden administration to …

US nominates ex Mastercard CEO Ajay Banga to head World Bank
1 year, 10 months ago

US nominates ex Mastercard CEO Ajay Banga to head World Bank

Al Jazeera  

India-born Banga has close ties to emerging markets, useful to the Bank which wants to help them on pressing problems. United States President Joe Biden has nominated former Mastercard CEO Ajay Banga to become president of the World Bank, hailing his business experience in his native India and his commitment to mobilizing private funds to help developing countries grapple with …

Who is Ajay Banga, ex-Mastercard CEO, nominated by Joe Biden to lead World Bank
1 year, 10 months ago

Who is Ajay Banga, ex-Mastercard CEO, nominated by Joe Biden to lead World Bank

India TV News  

World Bank: Ajay Banga, an Indian-American business leader has been nominated by US President Joe Biden to lead the World Bank. President Joe Biden on Thursday announced that Banga is uniquely equipped to lead the global institution at this critical moment. Banga would be the first-ever Indian-American and Sikh-American to head either of the two top international financial institutions; International …

Ex-Mastercard CEO Ajay Banga nominated by US President Joe Biden to head World Bank
1 year, 10 months ago

Ex-Mastercard CEO Ajay Banga nominated by US President Joe Biden to head World Bank

India TV News  

United States President Joe Biden on Thursday nominated Indian-American business leader Ajay Banga, 63, to lead the World Bank. "Ajay is uniquely equipped to lead the World Bank at this critical moment in history," President Biden said in a statement. "He has spent more than three decades building and managing successful, global companies that create jobs and bring investment to …

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