to serve as president of the World Bank. In a statement, Biden said that Banga is “uniquely equipped to lead the World Bank at this critical moment in history” and that he has a “proven ...

President Joe Biden nominated former Mastercard President and CEO Ajay Banga to direct the World Bank Thursday morning, one week after the international financial organization’s current leader ...

The World Bank’s board of governors on Wednesday elected former Mastercard CEO Ajay Banga to a five-year term as president, ushering in an Indian-born finance and development expert to revamp ...

World Bank President David Malpass plans to step down a year before his term is set to end, the organization announced Wednesday. Malpass will leave his position on June 30, the end of the World ...

David Malpass has decided to step down as president of the World Bank before his five-year term expires. He says he will leave at the end of June. Appointed by then-President Trump in 2019 ...

World Bank President David Malpass announced Wednesday his plan to step down in June, nearly a year before the end of his five-year term, following a recent controversy over climate change ...

WASHINGTON — President Joe Biden has tapped a new head of the World Bank after the bank's current leader, David Malpass, announced his resignation last week amid criticism over statements ...

World Bank Group President Ajay Banga has commended African Development Bank Group President Dr. Akinwumi Adesina for his "transformative leadership" as he concludes his decade-long tenure at the end ...

By David Gelles Gelles questioned the World Bank president about his views on climate change at a live event in New York in September. Feb. 15, 2023 David Malpass, the embattled president of the ...

At a Tuesday fireside chat, World Bank Group President Ajay Banga emphasized the importance of funding sustainable development initiatives that harness the potential of women and young people in ...

“We’re having a constructive dialogue with the U.S. administration,” said Ajay Banga, president of the World Bank. “I don’t know where it’ll end. But I’ve got no problem with the ...