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Indian Economy - Understanding the basics of Indian economic system

04-May-23

Ajay Banga appointed as new President of World Bank

The Executive Directors of the World Bank today selected Ajay Banga as President of the World Bank for a five-year term beginning June 2, 2023.

Ajay Banga most recently served as Vice Chairman at General Atlantic. Previously, he was President and CEO of Mastercard, a global organization with nearly 24,000 employees.
Under his leadership, MasterCard launched the Center for Inclusive Growth, which advances equitable and sustainable economic growth and financial inclusion around the world.
He was Honorary Chairman of the International Chamber of Commerce, serving as Chairman from 2020-2022.

By: Brijesh Kumar

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