World Bank – pressnews

[ad_1] Ajay Banga is the first-ever Indian American to lead the World Bank.New York: Ajay Banga, the President of the World Bank, has been named by a prestigious philanthropic organisation to its annual "Great Immigrants" list of honourees who have enriched and strengthened America and its democracy through their contributions and actions.Mr Banga, who became World Bank chief in June 2023, is the first-ever Indian American to lead the institution. He is the only honouree from India in this year's list of ‘Great Immigrants' by the Carnegie Corporation of New York.With over 30 years of experience in key positions, Mr Banga is expected to usher in transformative policies at the World Bank to combat poverty and address climate change, opening opportunities for people around the globe, a stat...

[ad_1] The United States is the World Bank's largest shareholder. (Representational)Nairobi, Kenya: The United States' candidate to head the World Bank, Ajay Banga, on Wednesday called for a revamp of the development model to better meet the challenge of climate change.Mr Banga, who is on a trip to Kenya, said the world cannot continue to "pursue the prior model of (an) emission heavy growth system," and rallied for adaptation."We cannot afford it, our children cannot afford it," he told reporters in Nairobi.The 63-year-old Indian American was last month nominated by US President Joe Biden to head the global lender after its current chief David Malpass announced plans to step down early.The nomination comes amid a push for development lenders to revamp and address global problems like en...

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World Bank President Ajay Banga Named In 2023 List Of Great Immigrants

Need Revamp Of Development Model, Says US Candidate For World Bank