Former Mastercard CEO Ajay Banga elected president of the World Bank for five years

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On Wednesday, May 3, the new head of the World Bank (WB) was Ajay Banga, the former head of Mastercard. It has been reported TASSReferring to the statement of the WB press service.

“The World Bank Executive Directors today elected Ajay Banga as World Bank President for a five-year term from June 2, 2023,” the statement said.

Former US President Joe Biden presented The former CEO of Mastercard has appointed Ajay Bangu as the new President of the World Bank.

Banga is uniquely positioned to lead the World Bank at “this critical moment in history”.

The American leader also noted that for three decades, Banga has been building and managing successful global companies, creating jobs and bringing investment to developing countries.

On February 15, it was learned that World Bank President David Malpas announced his intention. leave your post in the coming months.

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