Category: Ajay Banga

The World Bank Takes a Wrong Turn

Commentary President Biden’s nomination of Ajay Banga, the former CEO of Mastercard, to succeed David Malpass as World Bank president suggests that the Biden administration is prioritizing climate change over the World Bank’s founding mission of poverty eradication and economic development. This was made clear in the president’s statement singling out climate change as the most urgent…


Biden Nominates Wall Street Veteran Ajay Banga as World Bank President

President Joe Biden announced on Thursday that the United States has nominated Ajay Banga, the former CEO of Mastercard, to serve as president of the World Bank. The nomination came just a week after current president David Malpass, a Trump nominee, announced his intention to resign early. Banga is a Wall Street veteran who was born…