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The Independent UK
The Independent UK
National
Fatima Hussein

Ex-Mastercard CEO Ajay Banga confirmed as World Bank leader

Ajay Banga Mastercard David Malpass World Bank India Joe Biden Climate Change
AP2011

Former Mastercard CEO Ajay Banga, an Indian army officer's son with decades of corporate experience, was confirmed Wednesday to lead the World Bank for a five-year term that starts next month.

The U.S.-nominated business veteran succeeds David Malpass, a Donald Trump pick who is ending his tenure early at the 189-nation global poverty-fighting institution after coming under pressure for declining to say whether he agreed with the scientific consensus on climate change.

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