Indian-American business leader Ajay Banga has been nominated by Joe Biden to be the next president of the World Bank, as the development lender faces growing calls to prioritise climate action.
The 63-year-old former Mastercard executive “has critical experience mobilising public-private resources to tackle the most urgent challenges of our time, including climate change”, the US president said. “Ajay is uniquely equipped to lead the World Bank at this critical moment in history.”
