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The Latest Breaking News from Ajay Banga

US Treasury: World Bank Could Lend $50b More Over Decade With Reform

The World Bank's ongoing reform could result in a $50 billion lending boost over the next decade, US Treasury Secretary Janet Yellen told AFP ahead of stakeholders' meetings next week where key changes are expected to be announced. Central bankers, finance ministers and participants from more than 180 member countries…

Asharq Al-Awsat

Are there brighter prospects than at the last IMF meetings? Only just

October saw the UK chancellor in the dock. Now the US’s Yellen will face flak over green subsidies and banking security

The Guardian - UK

Indian-origin Ajay Banga poised to be World Bank chief unopposed

Indian-American business leader Ajay Banga is poised to become the next President of the World Bank. Read further on Dynamite News:

Dynamite News

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Biden pick Ajay Banga cleared to take top job at World Bank

The Biden administration’s choice to run the World Bank — former Mastercard CEO Ajay Banga — appears to have a lock on the job

The Independent UK

Can this former CEO fix the World Bank and solve the world's climate finance and debt crises as the institution's next president?

Over the past two years, a drumbeat of calls for reforming the World Bank has pushed its way onto the front pages of major newspapers and the agenda of heads of state.

The Conversation

Exclusive: Biden's World Bank pick sets ambitious course

Ajay Banga: World Bank should focus on both poverty and climate change.

Axios

How the Ukraine war has changed business

There have been big effects on more than just supply chains and inflation.

Fortune

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Yellen says World Bank nominee's credentials will overcome selection criticism

U.S. Treasury Secretary Janet Yellen said on Saturday that she believes the strong qualifications of the U.S. nominee to lead the World Bank, ex-Mastercard CEO Ajay Banga, will overcome any criticism of the selection process.

Reuters

Analysis-Incoming World Bank chief faces tests before he gets to climate

Ajay Banga, U.S. President Joe Biden's pick to run the World Bank, will face a tough slate of issues around the institution's finances and capital structure from the get-go, thorny problems he must address as he reshapes the bank into a force for combating climate change on top of its…

Reuters

Ajay Banga’s World Bank appointment shows that financial CEOs aren’t toxic anymore

The nomination of the former Mastercard CEO shows how Wall Street has lost its status as America’s biggest corporate villain.

Fortune

Ajay Banga: Can former Mastercard chief push World Bank to prioritise climate action?

If selected, Banga will assume a crucial job at the 77-year-old institution that oversees the provision of billions of dollars of funding to developing countries

The Independent UK

Who will be PayPal’s next CEO? Here are the 7 leading contenders according to fintech experts

PayPal's retiring CEO is sticking around till December, but there's already chatter about who might be qualified to step into the role.

Fortune

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

Ex-Mastercard CEO has worked closely with Vice President Kamala Harris in efforts to address root causes of migration from Central America

The Independent UK

Joe Biden nominates former Mastercard boss Ajay Banga to lead World Bank

US president puts forward choice to oversee new focus on climate crisis after resignation of Trump appointee David Malpass

The Guardian - UK

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news in one place.

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Reuters

Biden nominates former Mastercard CEO Ajay Banga to head World Bank

U.S. President Joe Biden nominated former Mastercard Inc CEO Ajay Banga to lead the World Bank, betting the India-born executive's ties to the private sector and emerging markets will jump-start the 77-year-old institution's overhaul to better address climate change.

The Independent UK

US nominates Ajay Banga for World Bank president

The United States is nominating former Mastercard CEO Ajay Banga to lead the World Bank

Fortune

'You burn through a lot of social capital' working fully remote, says former Mastercard CEO

But remote work is still “a pretty productive way to get stuff done, as compared to flying to Timbuktu to meet someone," Ajay Baga acknowledges.

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