Washington:
Indian-American Ajay Banga on Friday took over as the President of the World Bank, becoming the 14th President of the World Bank, serving five years, becoming the first black person to head two global financial institutions - the World Bank and the International Monetary Fund (IMF).
Ajay Banga replaces David Malpass
President Joe Biden announced in February that the US would nominate Ajay Banga to be the President of the World Bank. Ajay Banga, 63, was elected as the 14th President of World Bank in May by the Executive Directors of the World Bank. Ajay Banga is the first Indian-American to chair the World Bank. He replaces David Malpass, who decided to resign in February.
"Join us in welcoming Ajay Banga as the new President of the World Bank Group," the World Bank tweeted on Friday, posting a photo of Ajay Banga entering his office. We are committed to creating a poverty-free world."
Join us in welcoming Ajay Banga as the new President of the World Bank Group. We are committed to creating a world free from poverty on a livable planet. pic.twitter.com/8SwKQ4txVO
— World Bank (@WorldBank) June 2, 2023
IMF MD Kristalina Georgieva tweeted: "I wish Ajay Banga all the best as he assumes office as President of the World Bank today. I look forward to continuing the deep partnership between our institutions to do better work and help those in need."
I wish Ajay Banga all the best as he takes up his new role as President of the @WorldBank Group today. I look forward to continuing the deep partnership between our institutions to do good and help those most in need. pic.twitter.com/kKi4ejHWMU
— Kristalina Georgieva (@KGeorgieva) June 2, 2023
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