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The Independent UK
The Independent UK
National
Andrew Feinberg

Biden selects ex-Mastercard CEO Ajay Banga to lead World Bank after Trump-appointed president resigns over climate row

Ajay Banga Mastercard World Bank Kamala Harris Joe Biden United States Vice President
AP

President Joe Biden on Thursday said he would put forward Ajay Banga, the former CEO of Mastercard, to be confirmed as the next president of the World Bank after Donald Trump appointee David Malpass resigned amid an outcry over comments which appeared to deny the existence of human-caused climate change.

In a statement announcing Mr Banga’s nomination, the White House described him as a “business leader with extensive experience leading successful organizations in developing countries and forging public-private partnerships to address financial inclusion and climate change”.

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