Biden nominates Ajay Banga to lead World Bank
Ahead of the nomination, some argued president should pick a non-US citizen
The US will put forward Ajay Banga, the former chief executive of Mastercard, as its candidate for president of the World Bank Group.
Banga would succeed David Malpass, who began a five-year term in April 2019, and announced on February 15 this year that he would leave office by June 30.
Media reports tied his resignation to statements in which he seemed uncertain whether human activity caused climate change.
In a White House statement, US president Joe Biden said Banga had “critical
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@centralbanking.com or view our subscription options here: http://subscriptions.centralbanking.com/subscribe
You are currently unable to print this content. Please contact info@centralbanking.com to find out more.
You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.
Copyright Infopro Digital Limited. All rights reserved.
As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (point 2.4), printing is limited to a single copy.
If you would like to purchase additional rights please email info@centralbanking.com
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (clause 2.4), an Authorised User may only make one copy of the materials for their own personal use. You must also comply with the restrictions in clause 2.5.
If you would like to purchase additional rights please email info@centralbanking.com
More on People
Trump administration escalates attacks on Powell
Kevin Hassett says White House is studying whether president can fire Fed chair
Syria appoints new central bank governor
Abdul Qader al-Husriya takes over from interim governor Maysa Sabreen
RBNZ extends acting governor’s term
Christian Hawkesby to remain in place for six months while board looks for permanent governor
Andrew Bailey to be next FSB chair
Klaas Knot will step down from organisation in June as his term at DNB also comes to an end
Karim Souaid named governor of Lebanon’s central bank
Former asset manager will lead negotiations with IMF and banking reforms
BoT says payment systems still in operation following earthquake
Powerful quake hits Myanmar and Thailand as Bangkok’s stock exchange suspends trading
Bank of Thailand to start choosing new governor ‘within days’
Sethaput Suthiwartnarueput’s term to end in September
People: January to March 2025
A round-up of central bankers in the news and on the move during the past three months