World Bank President Ajay Banga: Former Mastercard CEO Ajay Banga will be the next President of the World Bank. The 25-member Executive Board of the World Bank on Wednesday elected Ajay Banga as President for a five-year term, effective June 2. Ajay Banga will be the first person from Indian-American and American Sikh community to head the World Bank.
Ajay Banga will replace David Malpass, the current President of the World Bank. Banga (63) was nominated for the post by US President Joe Biden in late February. Biden had said that Ajay Banga is the most suitable person to lead this global organization.
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