United States President Joe Biden and Vice President Kamala Harris on Wednesday congratulated India-born Ajay Banga on his election as President of the World Financial institution.
Indian-American businessman Banga was on Wednesday designated as World Financial institution president for a time period of 5 years. He’s the primary Indian-origin nominee to the World Financial institution president function.
The previous MasterCard CEO was nominated by US President Joe Biden, who mentioned Banga will probably be a “transformational chief”, who will carry experience, expertise, and innovation to the place of World Financial institution president, following his affirmation as the brand new head of the worldwide monetary establishment.
“Ajay Banga will probably be a transformative chief, bringing experience, expertise, and innovation to the place of World Financial institution President. And along with World Financial institution management and shareholders, he’ll assist steer the establishment because it evolves and expands to deal with world challenges that instantly have an effect on its core mission of poverty discount — together with local weather change,” Biden mentioned.
“Ajay may even be integral in bringing collectively the private and non-private sectors, alongside philanthropies, to usher within the basic modifications in improvement finance that this second requires,” mentioned the president congratulating his nominee for the subsequent President of the World Financial institution on his resounding approval by the Financial institution’s Board of Governors.
US Vice President Kamala Harris additionally congratulated Ajay Banga in a tweet. Harris has labored with Banga in Central America.
“Congratulations to Ajay Banga on his election as President of the World Financial institution. Ajay has been an unbelievable accomplice in our work in Central America, serving to to ship hope and alternative on the bottom. I stay up for our continued work collectively.”
Congratulations to Ajay Banga on his election as President of the World Financial institution.
Ajay has been an unbelievable accomplice in our work in Central America, serving to to ship hope and alternative on the bottom. I stay up for our continued work collectively.
— Vice President Kamala Harris (@VP) May 3, 2023
After Banga was nominated he spent the final couple of months travelling to completely different international locations and assembly with their governments from the World Financial institution’s various shareholder base and stakeholders from each the non-public and philanthropic sectors.