Treasury Secretary Janet Yellen met with the World Bank’s future President Ajay Banga on June 3, pointing to the need to support the poorest countries amid global challenges exacerbated by the conflict in Ukraine. It has been reported TASS.
“Secretary Yellen pointed out that the bank’s poorest member countries need help as they continue to face multiple crises, including ongoing macroeconomic headwinds, exacerbated by Russia’s military actions in Ukraine,” the US agency said in a statement.
The publication notes that Yellen and Banga also discussed attracting private equity to the World Bank to achieve their “global goals.”
It was previously known that
On Wednesday, May 3, the new president of the World Bank (WB), Appointed Former Mastercard CEO Ajay Banga.
Prior to that, US President Joe Biden proposed appointing Ajay Bangu, the former chairman of Mastercard, as the new president of the World Bank.
Source: Gazeta
Emma Matthew is a political analyst for “Social Bites”. With a keen understanding of the inner workings of government and a passion for politics, she provides insightful and informative coverage of the latest political developments.