President Biden nominated Banga to serve as president of the World Bank in February.
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.to the role by President Joe Biden in February and will succeed David Malpass as president of the World Bank. Malpass was tapped for the role by former President Donald Trump and announced earlier this year he planned to step down roughly one year early.
"Together with World Bank leadership and shareholders, he will help steer the institution as it evolves and expands to address global challenges that directly affect its core mission of poverty reduction — including climate change," the president said."Ajay will also be integral in bringing together the public and private sectors, alongside philanthropies, to usher in the fundamental changes in development finance that this moment requires.
"Ajay understands that the challenges we face — from combatting climate change, pandemics, and fragility to eliminating extreme poverty and promoting shared prosperity — are deeply intertwined," Yellen said in a statement."He has effectively built a broad global coalition around his vision for the Bank over the course of his candidacy."
Banga, who was raised in India, will join the World Bank from the private equity firm General Atlantic, where he serves as vice chairman. He worked for more than a decade at Mastercard, as its president and chief executive, and then as its executive chairman. Banga also was chief executive officer of Citigroup's Asia-Pacific region and worked with Nestle in India for 13 years. He has served on the boards of the American Red Cross, Kraft Foods and Dow Inc.
Indonesia Berita Terbaru, Indonesia Berita utama
Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.
US World Bank nominee Banga set for vote on Wednesday after 4-hour interviewThe World Bank's 25-member executive board is set to vote on the U.S. nominee to run the World Bank, Ajay Banga, on Wednesday after completing a four-hour interview with the ex-Mastercard CEO on Monday, sources familiar with the process said.
Baca lebih lajut »
U.S. Businessman Ajay Banga Approved to Lead World BankThe World Bank board approved Ajay Banga as its next president, putting the former Mastercard CEO in charge of a bank overhaul intended to expand lending capacity and fight climate change
Baca lebih lajut »
FDIC accepts JPMorgan Chase Bank's purchase of First Republic BankSan Francisco-based First Republic is the third midsize bank to fail in two months.
Baca lebih lajut »
First Republic Bank becomes third major U.S. bank to fail in recent monthsOne banking expert say that some former First Republic customers could benefit from the acquisition, since JPMorgan Chase has more New York City branches.
Baca lebih lajut »
JPMorgan Chase taking over First Republic Bank in 2nd largest bank failure in U.S. historyJPMorgan chase, the nation's largest bank, is now taking over First Republic Bank, the second largest bank failure in U.S. history with the shareholder the clear losers. It's almost like nothing ever happened.
Baca lebih lajut »
First Republic Bank seized, sold to JPMorgan Chase: Second largest bank failure in US historyFirst Republic has struggled since the March collapses of Silicon Valley Bank and Signature Bank and investors and depositors had grown increasingly worried it might not survive.
Baca lebih lajut »