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The Independent UK
The Independent UK
National
Fatima Hussein

US nominates Ajay Banga for World Bank president

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

The United States is nominating former Mastercard CEO Ajay Banga to lead the World Bank, President Joe Biden announced on Thursday, crediting him with critical experience on global challenges including climate change.

The news comes days after Trump appointee David Malpass announced plans to step down in June from his role leading the 189-nation poverty reduction agency. His five-year term was due to expire in April 2024.

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