Washington — Former Mastercard CEO Ajay Banga was confirmed Wednesday to serve as the 14th president of the World Bank and is set to begin his five-year term at the institution's helm next month.

The World Bank’s board of governors on Wednesday elected former Mastercard CEO Ajay Banga to a five-year term as president, ushering in an Indian-born finance and development expert to revamp the ...

Ajay Banga didn’t like the existing decor, so when he took over as World Bank president he gave his grand two-story corner office a makeover. Old-school leather furniture? Gone. Dark lighting that ...

In the days since Trump-appointed World Bank President David Malpass announced he will step down ahead of schedule, the White House has emphasized President Biden’s eagerness to appoint someone who ...

WASHINGTON, Oct 15 (Reuters) - World Bank President Ajay Banga on Tuesday said former President Donald Trump understands the value of international financial institutions and how their lending can ...

President Joe Biden has announced that he’s nominating Ajay Banga, a former MasterCard executive, to serve as president of the World Bank. In a statement, Biden said that Banga is “uniquely equipped ...

The U.S. has nominated Ajay Banga to head the World Bank. A naturalized American, Banga has decades of experience in finance but faces major challenges at the multilateral lending institution. The ...

NEW YORK--(BUSINESS WIRE)--General Atlantic, a leading global growth equity firm, announced today that Ajay Banga has joined the firm as Vice Chairman. In this role, Mr. Banga will advise on strategic ...

Ajay Banga is the President of the World Bank Group, beginning his five-year term on June 2, 2023. He stepped into the role with a clear mandate: to transform the 80-year-old institution into a faster ...