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

Jyotiraditya Scindia inaugurated the SatCom Summit at India Mobile Congress 2025 to boost digital connectivity in remote villages through satellite communication.
Read More....
The 2025 Nobel Prize in Chemistry honored Susumu Kitagawa, Richard Robson, and Omar Yaghi for developing metal–organic frameworks that revolutionized molecular design and offer solutions for pollution and water scarcity.
Read More....
International Abhidhamma Day celebrated the timeless wisdom and contemporary relevance of Buddhist philosophy.
Read More....
India joins regional powers to oppose foreign military presence in Afghanistan.
Read More....
Cabinet approves four major multi-tracking railway projects across four states, boosting connectivity, reducing emissions, and supporting regional development.
Read More....
CBI, in collaboration with global agencies, busted international cybercrime networks under Operation HAECHI-VI, arresting 8 and identifying 45 suspects.
Read More....
DRDO launches IRSA 1.0, boosting India’s self-reliance in military communication technology.
Read More....
PM Narendra Modi launches Mumbai One app, India’s first unified public transport ticketing platform.
Read More....
India expands e-NAM by adding 9 new commodities, enhancing market access, transparency, and income for farmers.
Read More....
Group Captain Shubhanshu Shukla, India’s first ISS astronaut, becomes the brand ambassador of Viksit Bharat Buildathon, inspiring students nationwide.
Read More....