Ajay Banga will be the first-ever Indian-American and Sikh-American to head the World Bank.
Banga is a business leader with extensive experience leading successful organisations in developing countries and forging public-private partnerships to address financial inclusion and climate change.
President Joe Biden announced on Thursday, February 23, 2023 that the US is nominating Ajay Banga to lead the World Bank. Vice President Kamala Harris and Ajay Banga have worked closely together on a new model of public-private partnership designed to address the root causes of migration in Northern Central America.
“As a renowned executive, Banga has led a global organisation with nearly 20,000 employees, advocated for diversity and inclusion, and delivered results. His efforts have helped bring 500 million unbanked people into the digital economy, deploy private capital into climate solutions, and expand economic opportunity through the Partnership for Central America,” US Treasury Secretary Janet Yellen said.
