US Nominates Ajay Banga for World Bank president

US Nominates Ajay Banga for World Bank president

Daily Current Affairs / US Nominates Ajay Banga for World Bank president

Change Language English Hindi

Category : Appointment/Resignation Published on: February 25 2023

Share on facebook

US President Joe Biden has nominated former Mastercard CEO Ajay Banga for the position of World Bank president.
Donald Trump appointee David Malpass will step down from his role this June before completing his tenure in April 2024.
Banga, who was born in Pune cantonment (Khadki) and whose father Harbhajan Singh Banga is a retired lieutenant-general who served in the Indian Army, will succeed David Malpass.
He began his professional career in Nestle, moved to Pepsico and later Citi, before topping a corporate career when he became CEO of Mastercard in 2010, holding the position till 2020.
He is currently vice-chairman at General Atlantic.
He is also 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.
The World Bank's chief economist is also a Sikh -- former Georgetown University and University of Chicago professor Indermit Gill.

Recent Post's

India’s maternal mortality ratio drops to 97 per 1,00,000 live births as institutional deliveries rise to 89%.
Read More....
NTH and India Post signed an MoU to enable nationwide doorstep sample collection and faster, reliable testing through NTH laboratories.
Read More....
MYAS launched a Comprehensive Internship Policy offering 452 annual internships to build a skilled, future-ready sports workforce in India.
Read More....
RBI’s Handbook of Statistics 2024–25 highlights that India’s export growth is increasingly concentrated in a few developed coastal and industrial States, raising concerns over regional imbalance.
Read More....
Jnanpith Award-winning Hindi writer Vinod Kumar Shukla, the first recipient from Chhattisgarh, passed away at the age of 88 in December 2025.
Read More....
IIT Delhi has developed AILA, India’s first autonomous agentic AI lab assistant capable of independently conducting real-world scientific experiments.
Read More....
India witnesses record growth in IPR filings, led by trademarks and patents, reflecting a shift towards self-reliance in innovation.
Read More....
DRDO successfully tests Akash-NG missile, enhancing India’s air defence capabilities.
Read More....
Union Minister Manohar Lal inaugurated the second 250 MW unit of the Subansiri Lower Hydroelectric Project, boosting India’s clean energy capacity and supporting North-East growth.
Read More....
Thanjavur painting of Lord Ram, a classical art form from Tamil Nadu with GI tag, was transported from Bengaluru to Ayodhya, showcasing India’s rich cultural heritage.
Read More....